The “Guiding Opinions on Deepening the Reform of Educational and Medical Institutions Run by State-owned Enterprises” jointly formulated and issued by the six departments of the State-owned Assets Supervision and Administration Commission,the Central Planning Office,the Ministry of Education,the Ministry of Finance,the Ministry of Human Resources and Social Security,and the National Health and Family Planning Commission(State-owned Assets Development Reform [2017] No.134),medical equipment companies began to merge state-owned enterprises to run medical institutions,and through investment and mergers of related medical institutions,they transformed into a "medical equipment + hospital" two-wheel drive compound medical equipment group.Company H is an established medical equipment group.Equipment companies,out of the support of national policies,the influence of the development trend of the entire industry,and the needs of their own development,have begun to make large-scale investments.Although H company’s investment has fewer problems in the initial stage,with the increase in the number of investment projects and the increase in the amount of investment,H company has gradually begun to have a series of investment risk problems.Therefore,it is an important research topic to analyze which investment management risks and problems H Company will face in the process of strategic transformation,and how to solve these risks and problems.As a long-established medical equipment leasing company,Company H was established in 1984 and listed on the Hong Kong Stock Exchange in 2015.Its operating income has remained above 2 billion since 2015.It is one of the key enterprises supported by the state for development.Driven by its own development,industry trends and policies,Company H is committed to building a healthcare group through investment.The advantage of its investment approach stems from its abundant own funds,easy-to-obtain financing channels,relatively complete company internal governance structure,and strong support from national policies.Through investment,H company has gradually expanded its scale and significantly increased its market share.It has rapidly achieved fruitful development in new areas and achieved a win-win situation with high-tech enterprises.However,as the pace of mergers and acquisitions of H company gradually accelerated after 2017,there were more than ten investment companies within a year,and the problems of H company’s shortage of talents,weakened debt solvency,and difficulty in subsequent investment management have gradually emerged.On this basis,research on the development status of H Company during the strategic transformation period and the investment risks it faces.A detailed analysis of the necessity of H Company’s investment method for strategic transformation and the problems existing in its investment are carried out,and practical suggestions are put forward for the problems existing in the H Company’s investment process.In general,H Company’s investment in the strategic transformation period was successful,bringing new impetus to the development of the company;based on the research on the above content,it adopts investment methods for companies of the same type as H Company for strategic transformation in the future It provides a certain reference. |