Tuesday, October 24 2017

VietNamNews

Vinamed buys out Mediplast in all-stock deal

Update: September, 19/2017 - 09:54
The Việt Nam Medical Equipment Corporation (VINAMED) has acquired the Medical Plastic Joint Stock Company in an all-stock deal. — Photo giaoducthoidai.vn

HCM City – The Việt Nam Medical Equipment Corporation (VINAMED) has acquired the Medical Plastic Joint Stock Company in an all-stock deal.

It has issued one share for every three shares held by Mediplast’s stockholders.

Following the acquisition, Mediplast executives will hold key positions at Vinamed.

The company will continue to manufacture and import medical equipment for distribution in Việt Nam.

Over the years Mediplast acquired the capacity to produce a diverse range of products but was plagued by a shortage of resources and managerial skills and lacked relationships with international partners.

Vinamed on the other hand has deep pockets, extensive international relations, good management and a large customer base, making it a win-win deal. — VNS

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