Meinian Onehealth Buys Meixian Health to Increase Market Exposure
Meixian Health closed the latest strategic fundraising, selling 10% of equity to Meinian Onehealth for CNY 2.5 million.
Meixian Health, a Shanghai-based physical examination center, received CNY 2.5 million in exchange for 10% equity with Meinian Onehealth. The latter has become one of the tier-one health checks and other medical services providers in China.
Since 2004, Meinian Onehealth has built a professional team, including healthcare experts, nursing people and managers at a total of over 60,000. The company landed on the A-share market in August 2015 and later completed acquisitions of MJ Life Health Screening and Ciming Checkup.
By the end of 2019, Meinian Onehealth had 703 checkup centers in 294 cities across China and had examined 26.02 million people.
As the public is more aware of the importance of preventive healthcare, disease screening and health management, the market demand has been expanding from tier-one and -two cities to satellite cities and rural areas. Meinian Onehealth expects to have provided healthcare services for up to 100 million people by the end of 2021.