Motivation And Performance Analysis Of Medical Enterprise Mergers And Acquisitions-Taking LF Medical’s Acquisition Of BS International As An Example

With the improvement of national health awareness in China and the high level of protection of basic medical insurance,the consumption demand of the medical and health industry continues to expand.After the outbreak of the epidemic,the medical industry has attracted the attention of people from all walks of life,and the people’s demand for medicine and medical devices has generally increased.The medical industry is in urgent need of innovation.Many new policies have been introduced at the national level to encourage the development of the medical industry.The advantages of international development at the industry level such as medical devices.With the joint efforts of the above-mentioned capabilities at all levels,the overall development status of my country’s medical industry has been greatly improved.However,due to the fact that the domestic pharmaceutical industry started a little late,and still has problems such as a single production structure,small scale,and insufficient technological innovation,of course,this situation also stems from the lack of international competitiveness of Chinese pharmaceutical companies,so some health care companies have turned to Looking overseas,hoping to enhance competitiveness through mergers and acquisitions.Through cross-border mergers and acquisitions,companies can quickly acquire high-tech and R&D talents,strengthen product categories,and expand market channels.Chinese health care companies do not have more experience in cross-border M&A cases than Western companies,so they should learn to reflect and improve the success rate of cross-border M&A.We take LF Medical’s acquisition of BS International,the largest cross-border M&A of medical equipment companies in the history of China’s stock market,as a case.This paper mainly studies the transaction motivation,the choice of transaction strategy and the conclusion of the final transaction.The full text is divided into five chapters:Chapter 1 expounds the history,significance,literature review,research ideas and innovations,reasons,strategies and results of corporate mergers and acquisitions.Chapter 2 is the basic theoretical basis of the thesis,and introduces the types,basic concepts,theories and M&A performance evaluation related to M&A.Chapter 3analyzes LF Medical’s international M&A behavior.Including the analysis of motivation and transaction strategy,the main reasons for this acquisition are promoting the company’s strategic planning,gaining a competitive advantage in the international market,acquiring technology,finding new profit growth points,talents,government support,etc.The transaction strategy of M&A is evaluated from the four perspectives of M&A timing,holding stability,payment method and financing method.Chapter 4 is the business performance result analysis of LF Medical’s acquisition of BS International.Conduct a comprehensive evaluation of both financial and non-financial performance.The evaluation of financial performance indicators is carried out from the four aspects of benefit,payment ability,operation ability and growth ability,and the non-financial performance evaluation is carried out from four aspects of strategic objectives,market development,product optimization,personnel management and technology.Chapter 5summarizes and evaluates the motivation,transaction strategy and performance of LB Medical’s acquisition of BS International,and provides some targeted references for cross-border mergers and acquisitions of companies in the medical industry.