| With the rapid development of economy,mergers and acquisitions have gradually become an important way for enterprises to achieve rapid development.However,M&A is a "double-edged sword".Good M&A can make enterprises more successful,while improper M&A will cause serious damage to the performance of enterprises.This paper takes Yuyue Medical Company as the object of study,through the analysis of its motivation and performance of M&A,in order to provide experience and reference for M&A of medical equipment industry.On the basis of extensive literature review at home and abroad,this paper combines normative analysis with case analysis.Firstly,it combs the theoretical basis related to merger and acquisition,then introduces the background and process of merger and acquisition of both sides,and analyses the motivation of the merger of Yuyue Medical Company.Finally,it uses capital market reaction,various non-financial indicators,various financial capabilities and E.From multi-dimensional perspectives such as VA,this paper analyzed the implementation effect and influencing factors of Yuyue Medical Merger and Acquisition Group,and provided experience and reference for the merger and acquisition of medical equipment industry.This study shows that the merger and acquisition of Yuyue Medical Group for Shanghai Machinery Group is more successful.Firstly,the short-term performance of the capital market has improved significantly;secondly,the non-financial aspects such as market share,sales channels,R&D innovation ability,employee structure and efficiency,investment projects and so on have improved significantly after the merger and acquisition of Yuyue Medical Company;thirdly,the financial capabilities of Yuyue Medical Company have been enhanced to varying degrees,and its value creation ability based on EVA improved.The main innovation of this paper is that on the basis of traditional performance evaluation methods such as market performance analysis and financial ability analysis,non-financial performance and EVA comprehensive evaluation method are added,and the performance evaluation system is more comprehensive. |
