China's Aier Eye Hospital sets its sights on Spain's Clinica Baviera
14-Apr-17, China Daily
China's Aier Eye Hospital plans to purchase the largest listed-eye clinic group in Europe, making it the world's largest ophthalmic medical group.
%20Ge%20Yinian_China%20Daily.jpg "Chinas Aier Eye Hospital sets its sights on Spains Clinica Baviera (c) Ge Yinian China Daily")
Image: Ge Yinian / China Daily
The company is currently China's largest private ophthalmic chain, owning more than 160 specialized eye hospitals, and went public on the Shenzhen stock market in 2009.
It announced it had made an offer to buy Spain's Clinica Baviera SA, specializing in laser eye surgery. Baviera has around 280 ophthalmologists and 76 eye clinics in countries including Spain, Germany and Italy.
The offer will cost Aier EUR152 mn, but the plan still needs to be approved by two countries' regulators.
"If the merger is successful, we will become the largest ophthalmic medical group in the world," said Aier Chairman Chen Bang.