Shinva Medical Instrument’s Subsidiary Huajian Health Checkup Acquired Vastec Medical To Ensure Better Profits

Shinva Medical Instrument’s subsidiary Huajian Health Checkup just acquired Vastec Medical. Huajian Health Checkup is a Chinese IVD product distributor, it has its own IVD brand, R&D and marketing. Vastec Medical is also An IVD distributor since 1997, it mainly sells Sysmex Coagulation Products in China as its exclusive distributor.

Before Jan 2019, Huajian Health Checkup already purchased 40% of stocks from Vastec Medical. This transaction would let Huajian Health Checkup purchase the rest 60% of stocks from Vastec Medical. From 2016 to 2018, Vastec Medical's revenue was 1.381 billion RMB, 1.596 billion RMB and 1.853 billion RMB respectively; gross profit was 340 million RMB, 360 million RMB and 368 million RMB respectively. This acquisition would ensure future profits for Huajian Health Checkup.