Hygeia Healthcare Holdings Co., Limited (SEHK:6078) entered into the acquisition agreement to acquire 70% stake in Chang'An Hospital from Healthcare Corporation of Chang?an for CNY 1.2 billion on July 25, 2023. As of December 31, 2022, Chang'An Hospital generated net assets of CNY 943.8 million, revenue of CNY 692.4 million and profit after tax of CNY 93.4 million. The acquisition will further expand the Group?s network of healthcare services, as it allows the Group to increase the scale and enhance the market share of its oncology business, and lay out a solid foundation for the Group?s further expansion and establishment of its three-tier diagnosis and treatment network in the northwest region of the PRC. Upon completion, Chang?an Hospital will become an indirect wholly-owned subsidiary of the Company, and its financial results will be consolidated into the financial statements of the Group.
Hygeia Healthcare Holdings Co., Limited (SEHK:6078) completed the acquisition of 70% stake in Chang'An Hospital from Healthcare Corporation of Chang?an on August 31, 2023.
Hygeia Healthcare Holdings Co Ltd is a China-based investment holding company principally involved in oncology medical business. Through its subsidiaries, the Company mainly operates three segments. The Hospital Business segment provides outpatient and inpatient services for patients through its own hospitals. The Radiotherapy Business segment provides radiotherapy center consulting services, as well as the leasing, sales, disposal, and post-sales repair and maintenance services of radiotherapy equipment. The Hospital Management Service segment provides management related services to other hospitals. The Company conducts its businesses in the domestic market.
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