[Heavy] Yu Yue joined hands with Kyushu to open a medical device company

On August 9, Jiuzhou Tong Pharmaceutical Group Co., Ltd. (stock short name: Jiuzhoutong) issued a notice saying that its wholly-owned subsidiary Jiuzhoutong Medical Device Group Co., Ltd. (hereinafter referred to as “Jiuzhou Tong Equipment”) and Jiangsu Yuyue Medical Equipment Co., Ltd. (stock referred to as “Yueyue Medical”) signed the “Cooperation Framework Agreement” on August 8, 2016. The two parties intend to cooperate to set up a new company “Jiangsu Jiuyukang Medical Technology Co., Ltd.” (tentative name, The industrial and commercial registration shall prevail). The registered capital of the cooperative company is RMB 30 million, of which Yuyue Medical has invested 12 million in cash and subscribed for 40% of the shares. Jiuzhoutong Equipment invested RMB 18 million in cash and subscribed for 60% of the shares.

According to the announcement, the business scope of the cooperative company is: medical consumables intelligent logistics, class II medical devices, class III medical devices (subject to industrial and commercial registration), and the scope of cooperation business is tentatively set for medical equipment related business in Jiangsu Province. year.

At the same time, the announcement stated that the cooperative company mainly carried out the hospital's in-house smart logistics transformation cooperation project, and proposed to introduce the procurement and logistics management information system (HPD). Based on the supply chain transformation, it provided technology and funds to build a supply chain platform for the hospital and completed the proposed cooperation. The construction of a big data management platform in the hospital. Realize the centralized management of materials and the unified distribution of in-house logistics.

[Heavy] Yu Yue joined hands with Kyushu to open a medical device company

As the largest private pharmaceutical logistics enterprise in China, Jiuzhoutong's revenue sources have always dominated the sales of western medicines and proprietary Chinese medicines, while the sales of medical device products accounted for a low proportion. However, Kyushutong reorganized the former Group Medical Devices Division into “Kyushutong Medical Device Group Co., Ltd.” last year, which is the company that cooperated with Yuyue Medical. In addition, the 17 regional companies' medical device divisions have also established regional medical device companies, which greatly enhances the business independence and external cooperation capabilities of the medical device segment. The company also acquired 7 orthopedic dealers and 1 after-sales service company. Obviously, Kyushu wants to vigorously develop and broaden its business in the medical device field.

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