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Announced

So-Young International to invest $122m in Wuhan Miracle Laser Systems.

Financials

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Transaction Value£88m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Acquisition

medical equipment

Single Bidder

Medical Equipment

Private

Friendly

Pending

China

Synopsis

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So-Young International, which operates online platform providing medical aesthetic information, agreed to invest $122m in Wuhan Miracle Laser Systems, which manufactures medical equipment. "We believe that China's medical aesthetics industry possesses huge growth potential and we are especially optimistic about non-surgical medical aesthetics. We hope our strategic investment in Wuhan Miracle will enable us to continue to seize the opportunities of the industry and bring greater returns to our shareholders," Xing Jin, So-Young Chairman and CEO.

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