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Ciming Health Checkup Group Acquires Beijing Baizhong Health Checkup Center

This article was originally published in PharmAsia News

Executive Summary

Ciming Health Checkup Group, China's largest health screening chain, has confirmed its acquisition of Beijing Baizhong health checkup center, with the deal entering the final stages. In addition, Ciming is approaching a Guangdong medical screening group larger than Baizhong for purchase. If the two buyouts succeed, Ciming's operation will expand from 30 to 42 centers across the country. It aims to hit a total of 50 shops next year. Ciming is speculated to go public on the Shenzhen Stock Exchange's small- and medium-enterprise board two years later. The company's president did not confirm the speculation but said that consolidation of the medical screening industry has become imperative. (Click here for more - Chinese Language)
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