JIC Huawen Investment Ltd. led investment in Jointown Medical Devices Group Co.,Ltd. (Jointown Medical Devices) recently, followed by Yichang State-owned Investment Pension Fund, etc. The original shareholders increased their investment as well.
Jointown Medical Devices, which is the wholly- owned subsidiary of the largest private pharmaceutical distribution company in China, Jointown Pharmaceutical Group, focuses on medical device distribution and agency service. It’s among the top three companies in the field of medical device circulation in China, with more than 50,000- category of medical commodities on sales, 43,000 plus downstream hospital customers and more than 60,000 drugstore in cooperation with. Chinese medical device industry has maintained a 20% growth rate in recent years, relying on huge market demand and policy dividends to increase the localization rate. The market integration abilities of Jointown Medical Devices enable it to share the industry's natural growth and the excess growth brought about by M&As with its partners.
JIC Huawen Investment Ltd. (JIC Huawen) is the platform of investment and operation for strategic layouts in cultural media, consumer goods & services and healthcare for JIC. It invests both at home and abroad, such as PTS Diagnostics, SF Express, Dali Foods, Mango TV, Huace Media, Australia Nature’s Care Biotech and so on.