A Case Study On The Establishment Of Industrial M & A Fund In Aier Ophthalmology Hospital

Since the CSRC IPO introspection campaign launched in 2012,the IPO is essentially suspended,private equity funds to exit channel impeded,at the same time,the securities and futures commission to encourage support private-equity firms to participate in the activities of the merger,acquisition and reorganization of listed companies,in this case,a joint private equity firms set up industry mergers and acquisitions of listed companies fund pattern began to rise.Due to the joint private equity firms set up industry mergers and acquisitions of listed companies fund mode appear relatively late in our country,to seek than to buy shares of the listed company with mature capital markets,is a process of constant exploration and research.Therefore,this article selects eye jointly set up industry mergers and acquisitions fund private equity firms as the research case,Aier Ophthalmology Hospital is not only a representative in the health care industry,and set up industry mergers and acquisitions fund,2017 Aier Ophthalmology Hospital has completed the first incubation fall to the ground.This is of practical significance to research the implementation process and effect of the establishment of an industrial m&a fund by listed companies.This paper USES a case study,literature analysis and comparative analysis method,the related research status quo of industry mergers and acquisitions fund combing with theoretical basis,summed up the listed company private equity firms the relevant background of the establishment of a fund for industry mergers and acquisitions.Secondly,this paper analyzes the motivation of Aier Ophthalmology Hospital establishment and the actual operation of the fund.Then on this basis,from the strategic value of the establishment of a fund for industry mergers and acquisitions,analysis of the effect after the implementation of mergers and acquisitions industry mergers and acquisitions fund in the Aier Ophthalmology Hospital denotation expansion and improve the role of the hierarchical chain mode.In this paper,two conclusions are drawn: first,in terms of strategic value,industry mergers and acquisitions funds shall be carried out in accordance with the company's development strategy,perfected the Aier Ophthalmology Hospital industry layout,improve the market share;The capital of the industry m&a fund was raised as scheduled,provided financial support for the extension of Aier Ophthalmology Hospital,and provided financing buffer time for its subsequent acquisitions;After to invest in the project,the hospital industry mergers and acquisitions fund for project management,after it reaches a certain regularity and profit ability by Aier Ophthalmology Hospital to make acquisitions,reduces the risk of mergers and acquisitions.Second,in terms of the effect after the implementation of mergers and acquisitions,early for industry mergers and acquisitions funds for the project of hospital management to improve the acquisition target operating conditions and profitability,so Aier Ophthalmology Hospital in synergistic effect was attained after implementing mergers and acquisitions,performance increase,the contribution to the growth of the company to become new business growth point;Improve the profitability of the company,and because of the increase in the total amount of assets acquired by the merger,it will play an active role in the sustainable development of Aier Ophthalmology Hospital;Implementation because of the Aier Ophthalmology Hospital value creation ability after the merger,acquisition of hospital project valuation is far lower than the Aier Ophthalmology Hospital their valuations of ophthalmology,enjoy a premium,the secondary market,so as to boost the market value.Finally,based on the conclusions obtained in this paper,the author hopes to provide some references for the listed companies to set up an industrial m&a fund in the future.