Research On The Financial Risk Of M&A Medical Service Industry

Along with the continuous deepening of China’s medical and health system reform, the reform of public hospital system is in full progress.Social capital into the medical service industry sub regional, makes the hospital mergers and acquisitions news emerge in an endless stream,which marks the medical service industry entered a rapid period of consolidation. At the same time, some deep-seated contradictions and problems erupted, fast acquisition and development of the hospital,leading to its budget management and capital operation flustered;financial disclosure also showed that low quality, low efficiency and low fusion more and more cases of M & a setback. Therefore, the exploration of mergers and acquisitions in the financial risk, the prevention and control of financial risks, to achieve synergy effects after M & a better, so as to improve the success rate of M &A.This topic first retrospective review of previous studies by using literature analysis method, based on the study of predecessors, puts forward its own research. Then the characteristics and current situation of medical service industry sums up, analyzes the industry of M & A of financial risk, to speculate on the influence factors analysis. Found that the existence of the enterprise merger and acquisition in the actual process of financial problems and the financial risk of M & A from Ireland Department of Ophthalmology Beijing Intech uses case analysiscase, the integrated use of surveys, Delphy Fa and financial statement analysis method. Through the analysis of merger and acquisition,enterprise valuation in M & a pre financing risk analysis, mode analysis and post acquisition integration I think, measure risks inherent value Ireland faced in the activities of the Department of ophthalmology in the acquisition of knowledge and innovation is the main risk and risk assessment method; the value of the target enterprise faces relatively overvalued, which mainly risk comes from market drive up phenomenon and the merger between the two sides intrinsic value information asymmetry lead to overestimation of risk; the financing environment of lower risk, financial indicators are good, there is no legal violations in hospital department of Ophthalmology; the scale of investment in terms of payment, that the financing risk is low; the face of different corporate culture and business model, fusion the risk is bigger, at the same time it faces the risk of smaller, impairment of goodwill. Through the case analysis to get the overall, can be applied to the entire medical service industry, and then to the medical service industry of our country financial risk prevention to provide feasible suggestions.