Winner Medical Group Inc. and Chengdu Likang Industries have set up a joint venture in Chengdu to pursue medical dressing product markets opportunities in West China.
The JV has been established through Winner Medical’s wholly-owned subsidiary, Winner Industries (Shenzhen) Co., Ltd.
The joint venture company, to be named Chengdu Winner Likang Medical Appliances Company Limited, has a registered capital of $0.73 million. It will be 51% owned by Likang, and 49% by Winner Shenzhen, and is expected to begin operation in July, 2009.
Likang is a subsidiary of West China Hospital, which engages in the business of marketing and sales of pharmaceutical products and medical equipments to West China Hospital and other hospitals in Western China.
West China Hospital is a university-owned hospital, and is said to be the biggest single hospital in the world, with over 4,000 beds, 36 clinical departments, 15 medical technology departments, and over 300 network hospitals. In 2007, West China Hospital served 107,112 in-patients and 2,354,354 out-patients.
The JV will develop an overall business strategy for the Winner brand to be sold to hospitals in Western China. The new joint venture will be located at Chengdu, the capital city of Sichuan Province, and the center of Western China.
