M&As this week: Lianluo Smart, Alpha Source, Flexicare Medical

24 November 2017 (Last Updated November 24th, 2017 10:35)

Lianluo Smart plans to divest its wholly owned medical equipment subsidiary Beijing Dehaier Medical Technology Co Ltd (BDMT) for CNY10m ($1.51m).

Lianluo Smart plans to divest its wholly owned medical equipment subsidiary Beijing Dehaier Medical Technology Co Ltd (BDMT) for CNY10m ($1.51m).

The sale will enable the Chinese company to reduce fixed and intangible assets amortisation.

Medical equipment provider Alpha Source Inc has acquired medical device company BC Technical Inc, doubling its size and creating an independent full service, imaging services company.

The transaction will also broaden the company’s imaging service offerings.

“Alpha Source Inc has acquired medical device company BC Technical Inc, doubling its size and creating an independent full service, imaging services company.”

Flexicare Medical Ltd has acquired Netherlands-based company Medisize BV from an affiliate of Phillips-Medisize Corp.

The acquisition will enable the company to expand its presence in Europe and its global product portfolio.

Flexicare is an Indian company, while Phillips-Medisize Corp is a medical device and diagnostics services provider based in the US.