Research On The Financing Structure Of Overseas Mergers And Acquisitions Of Chinese Medical Enterprises

In the rigid demand for health care in the aging population and the drives of increasing investment given by Chinese government,China's medical industry is developing rapidly.However,the medical enterprises in our country are still in the dilemma of small scale,large quantity and low profitability.Many traditional enterprises are actively adjusting the product structure and improving the quality of products.The medical industry has a strong professional,rapid technological innovation,high investment risk,the various segments of the business model and other characteristics,so mergers and acquisitions become the best way to transform the medical enterprises.Through overseas mergers and acquisitions,China's medical enterprises can not only make up for the gap in technology and open up the international market,but also the high performance price ratio overseas marks are also more attractive.However,China's medical enterprises suffer the financing difficulties due to their weak capital strength,less overseas financing channels,and inconsistent of the policy as well as the restriction of funds out of the country,as a result,the enterprises need to make financing structural adjustment constantly during the outbound transactions.Based on the above considerations,the research on the financing structure of China's overseas mergers and acquisitions in the medical industry has very important theoretical and practical significance.In the analysis of Nanjing Xinjiekou Department Store's overseas mergers and acquisitions in recent years,this paper induces and summarizes the financing structure of the enterprise.Through the case study,the enterprise can choose the appropriate way of financing and capital exit channels to complete cross-border transactions timely,based on their own size,profitability and corporate assets.At the same time,it is found that the financing mode of the case enterprise has its limitation and limitation.Combined with the current macro policies,this paper put forward coping strategies that the enterprises should actively broaden the diversification of financial institutions,set up the Industrial Fund,open up the channels of capital circulation,and reduce the risk of capital export.