| With the dual drive of economic development and population aging,people’s health awareness has been constantly improved,and the market size of China’s medical device industry continues to rise.In 2021,the market size has reached 1171 billion yuan,becoming the second largest medical device market in the world.There are many subdivisions of the medical device market in China.The different technical barriers in various subdivisions lead to significant differences in profit margins.It is difficult for medical device enterprises to break through the technical barriers in high profit areas in a short time only by relying on endogenous development.Therefore,implementing the continuous merger and acquisition strategy to integrate resources and technology is an effective way for medical device enterprises to achieve rapid development.However,due to the short interval between successive continuous merger and acquisition and the high pressure on continuous merger and acquisition funds and integration,many enterprises fail to obtain synergies from the successive continuous merger and acquisition strategy,which makes it difficult to improve the performance of enterprises.Therefore,through the study of typical consecutive continuous merger and acquisition cases in the medical device industry,we can analyze some experiences and lessons from the continuous continuous merger and acquisition strategy of enterprises,and the enlightenment obtained from it can be used for reference by companies in the same industry.The research object of this paper,Yuyue Medical,has achieved its strategic layout continuously through the extension and expansion of continuous mergers and acquisitions,and gradually promoted the company to become a leading enterprise in the medical device industry.However,although the continuous mergers and acquisitions have played a great role in promoting the development of enterprises,there are still many problems.The impact of continued acquisitions on the company’s performance,from the perspective of Dive Medical,this paper analyzes the merger and acquisition behavior of Dive Medical,using event analysis,principal component analysis and non-financial index analysis,and believes that Dive Medical has achieved long-term and longterm performance improvement through merger and acquisition.However,the merger and acquisition strategy of Yuyue Medical still has high merger premium,single consideration payment method The frequency of mergers and acquisitions is too fast,which makes the company bear greater pressure in terms of capital and integration,and limits the space for performance improvement.Based on this,In view of the above problems,this paper discusses how to improve the performance of diving medical,and at the same time,according to the merits of Yuyue Medical’s continuous merger and acquisition strategy,it puts forward inspiration for the continuous merger and acquisition of companies in the same industry. |
