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HEALTHCARE | Staff Reporter, China
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BOQI International Medical acquires Chongqing Guoyitang Hospital in China

The hospital features the treatment of digestive diseases.

BOQI International Medical (BIMI) has signed a memorandum of understanding to acquire Chongqing Guoyitang Hospital for an undisclosed amount, according to a press release.

BIMI and Chongqing Guoyitang Hospital have agreed to move forward on four stages of work. First, Chongqing Guoyitang Hospital will complete all relevant assessment and audit information of the hospital. Second, BIMI will designate an independent third party to complete the on-site audit and evaluation.

Third, BIMI and Chongqing Guoyitang Hospital will sign a stock purchase agreement based on the audit and evaluation result. Fourth, Chongqing Guoyitang Hospital will complete the industrial and commercial procedures for the equity change.

Chongqing Guoyitang Hospital is a first-level hospital that features the treatment of digestive diseases. It covers an area of 43,000 sqft and has more than 200 employees. The hospital estimated an income of $7m to $8.5m and a profit of $700,000 to $850,000 in 2021.
 

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