Capital Competition: The Reality and Virtuality of Internet Medical

Capital Competition: The Reality and Virtuality of Internet Medical

OFweek Medical Network

Under the joint promotion of "Internet +" and the market, Internet medical has opened a huge capital feast: one-to-two market linkage, equity investment and mergers and acquisitions continue to blow out, star bulls, market value and valuation growth is amazing It seems that the medical concept with the Internet concept directly points to the problem of seeing a doctor in reality.

However, the capital-driven boom and high-performance gambling have sparked market concerns about the dot-com bubble of Internet. A number of medical industry analysts told the "First Financial Daily" reporter that the penetration and change of the Internet to the medical industry is the general trend, but the overall situation is still in the early stage of development, business model, corporate growth remains to be further verified.

The madness of equity investment

The rise of the Internet medical sector began with the penetration of the Internet model into the medical service industry. To a certain extent, it broke through the once closed and monopolistic mode of the medical service industry, and opened the entrance for the “outsiders”. Advance, Internet medical care has become a "new upstart" in the capital market.

The primary market equity investment is the most turbulent. According to the annual report released by the China Investment Group, the transaction scale of the VC/PE financing market in the medical and health field has increased for four consecutive years. The financing scale in 2015 was 3.472 billion US dollars, a year-on-year increase of 1.5 times; the transaction volume announced by the M&A market for the whole year was 24.736 billion US dollars, year-on-year. The growth rate was nearly 40.87%, and the transaction volume was 11.848 billion US dollars, up nearly 14.71%.

At the time when the first-tier market was frequent, the enthusiasm for mergers and acquisitions in the secondary market was soaring. According to the report of the China Investment Group, the market for medical and health mergers and acquisitions has experienced explosive growth in 2015, and there has been a wave of mergers and acquisitions. From the perspective of major mergers and acquisitions, listed companies in the non-health health industry are opening their arms, tightening their layout, and through wholly-owned acquisitions or holdings. Achieve all-round layout.

According to the statistics of the report, the largest M&A case in the medical and health field in 2015 was the acquisition of 65% of the equity of China Cord Blood Bank Enterprise Group for Nanjing Xinbai 1.17 billion US dollars. Followed by the acquisition of 100% equity of Shaanxi Bikang Pharmaceutical in the US$1.132 billion for ninety-nine years. In addition, last year, there were Jiuzhitang's $1,051 million acquisition of Mudanjiang Youbo Pharmaceutical, Huanghai Machinery's $887 million acquisition of Changchun Changsheng Biotechnology, and China Resources Shuanghe's $571 million acquisition of China Resources Secco Pharmaceuticals. The transaction scale is in the forefront of the industry.

The rise of Internet medical care has not only spurred the new development model of the industry, but also changed the driving factors of industrial development and the logic of sector investment.

“Pharmaceutical stocks have long been more defensive and have shown strong offensive since 2013.” Guosen Securities industry analysts believe that the way pharmaceutical companies attack is increasingly diversified, from the traditional pursuit of the logic of growth stocks, Gradually spread to chase theme hotspots, event-driven and marginal improvement.

“The A-share structured high valuation system has enabled listed companies to acquire acquisition capabilities. The acquisition has brought further improvement in the valuation of listed companies. The valuation increase will continue to promote the scale of R&D investment by listed companies and form positive feedback from capital and industry. Said the analyst.

Hair Removal Device

Hair Removal Machine,Hair Removal Device,Best Hair Removal Device,Laser Hair Removal Device

Shenzhen Jie Zhong Lian Investment Co., Ltd. , https://www.szmeizons.com