Dehaier Medical acquires rights to produce portable ventilator
Shanghai. July 14. INTERFAX-CHINA - Beijing-based Dehaier Medical Systems Ltd. has acquired the intellectual property rights and production technology for a portable ventilator from Qiumanshi Technology Co. Ltd., the company announced July 13.
The announcement did not disclose the size of the transaction.
The QS-100A portable ventilator is used in on-the-scene medical emergencies and during patient transportation, according to the announcement.
The deal will enable the company to participate in China's rural cooperative medical service development project for emergency medical products, the CEO of Dehaier Medical, Ping Chen, said in the announcement. The company intends to continue broadening its product portfolio, he added.
The company expects annual production capacity of the emergency ventilator to reach 2,000 units, generating sales revenue of RMB 20 million ($2.95 million) annually, the announcement said.
Industry statistics cited in the announcement show that the market for emergency ventilators in China is worth approximately RMB 150 million ($22.12 million) annually.
Dehaier Medical already manufactured some ventilator products before the acquisition, which are mainly distributed in grade two and grade three hospitals in China, a marketing manager surnamed Zhang told Interfax on July 14.
Dehaier Medical mainly engages in the development, manufacture and marketing of medical devices and home care products for the domestic market.
Qiumanshi Technology is based in Beijing. It designs, manufactures and distributes medical devices for the China market.