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China Medical System (0867.HK) Acquires a Dermatology Specialty Company: A Tough Player the Race
By GeLongHui
HONG KONG, Feb 5, 2021 - (ACN Newswire) - On February 1, China Medical System (0867.HK) announced that its subsidiary had acquired Luqa Ventures Co., Limited ( Luqa ), a dermatology specialty company. This acquisition expanded its product portfolio to include Luqa s dermatology products and marked the first foray into the medical aesthetic industry for China Medical System.
Why medical aesthetics? What is the significance of this acquisition?
1. Consolidating the Skin Management Business and Entering the Medical Aesthetic Market: Acquiring Luqa to Explore a New Growth Engine
According to its official website, established in 2010, Luqa is an innovative enterprise with skin treatment and medical aesthetic solutions as its core business.