BIMI International Medical Inc. Signs MoU to Acquire Bengbu Mali Maternity Hospital
November 08 2021 - 8:30AM
BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the
“Company”), a leading healthcare products and services provider,
today announced that it has signed a Memorandum of
Understanding (MoU) for the acquisition 100% interest
of Bengbu Mali Maternity Hospital through BIMI’s common shares
at the price of $3.00 per share.
Bengbu Mali Maternity Hospital is a professional obstetrics and
gynecology hospital, which provides services to around 30,000
patients per year. The hospital was founded in 2015, with
outpatient and inpatient buildings totaling 24 floors. The profit
of the hospital was $218,708 (RMB140,0000) in 2019 and predicted to
be $937,324 (RMB 600,0000) in 2022.
Bengbu Mali Maternity Hospital’s departments include internal
medicine, obstetrics and gynecology, pediatrics, emergency
medicine, and anesthesiology. Apart from traditional obstetrics and
gynecology services, the hospital has personalized health services
for women, including pre-pregnancy services, postpartum repair, and
infant care. It also has programs in slimming shaping, repairing
postpartum scars, and private reproductive health management.
Under the terms of the MoU, BIMI International Medical
Inc. is to acquire 100% interest in Mali Maternity Hospital.
Currently, BIMI plans to designate an independent third party for
auditing and evaluating the hospital. Next, based on the qualified
auditing and evaluating results, BIMI and the hospital plan to sign
a Stock Purchase Agreement and BIMI would purchase the hospital.
Finally, the hospital is to become a wholly-owned subsidiary of
BIMI.
“We are delighted that our hospital could join BIMI. We look
forward to working with them and bringing our customized high-end
maternity technology and services to help more patients,” said Ms.
Zhenmei Jin, the majority shareholder of Mali Maternity
Hospital.
“Mali Maternity Hospital is the first specialist hospital we are
acquiring. With its advanced medical technology and equipment,
obstetrics and gynecology could be a strength in our
online-to-offline hospitals, and more patients could get help. We
also plan to organize free online events for patients to
communicate with doctors”, said Mr. Tiewei Song, Chief Executive
Officer and President of BIMI International Medical
Inc. “Entering into this MoU with Mali Maternity Hospital is a
big step in expanding our online-to-offline network not only in
terms of the geographic network but also of medical technology and
talents network. After this acquisition closed, we will have six
hospitals.”
About BIMI International Medical Inc.
BIMI International Medical Inc. was founded in 2006. The Company
is now exclusively a healthcare products and provider, offering a
broad range of healthcare products and related services and
operates five private hospitals in China. For more information,
please visit www.usbimi.com.
Safe Harbor Statement
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to, the Company’s ability
to achieve profitable operations, its ability to continue to
operate as a going concern, its ability to continue to meet NASDAQ
continued listing requirements, the effects of the spread of
COVID-19, the demand for the Company’s products and services in the
People’s Republic of China, general economic conditions and other
risk factors detailed in the Company’s annual report and other
filings with the United States Securities and Exchange
Commission.
IR Contact:
Dragon Gate Investment Partners LLC Tel: +1(646)-801-2803
Email: BIMI@dgipl.com
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