Suzhou MedicalSystem Technology Co., Ltd. cancelled the acquisition of 20% stake in Beijing Guowei Reproductive Health Specialist Hospital Co., Ltd from Beijing Guowei Dahui Medical Treatment Industry Fund (Limited Partnership).
August 20, 2021
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Suzhou MedicalSystem Technology Co., Ltd. (SHSE:603990) entered into an agreement to acquire a 20% stake in Beijing Guowei Reproductive Health Specialist Hospital Co., Ltd from Beijing Guowei Dahui Medical Treatment Industry Fund (Limited Partnership) on June 18, 2020. Board of Suzhou MedicalSystem Technology Co., Ltd. approved the transaction.
Suzhou MedicalSystem Technology Co., Ltd. (SHSE:603990) cancelled the acquisition of 20% stake in Beijing Guowei Reproductive Health Specialist Hospital Co., Ltd from Beijing Guowei Dahui Medical Treatment Industry Fund (Limited Partnership) on August 21, 2021. According to the investigation, the company and the transaction parties have conducted many negotiations on the acquisition, but because the performance of the target company did not meet expectations, and the two parties did not reach an agreement.
Suzhou MedicalSystem Technology Co Ltd is a China-based company mainly engaged in providing clinical medical management information system (CIS) series application software products and clinical information overall solutions and new energy photovoltaic business. The Company conducts its business through three segments. The Medical Information segment provides the DoCare series of clinical medical management information system application software and overall clinical information solutions, including anesthesia clinical information systems, intensive care unit (ICU) clinical information systems and others. The Reproductive Medicine Medical segment provides assisted reproductive medical services by operating private specialized hospitals. The New Energy Photovoltaic segment is engaged in the research and development, production and sales of monocrystalline batteries, and its main products are N-type TOPCon high-efficiency photovoltaic cells.
Suzhou MedicalSystem Technology Co., Ltd. cancelled the acquisition of 20% stake in Beijing Guowei Reproductive Health Specialist Hospital Co., Ltd from Beijing Guowei Dahui Medical Treatment Industry Fund (Limited Partnership).