GE, Shinva Medical set up X-ray JV in China
This article was originally published in Clinica
Executive Summary
GE Healthcare and Chinese medical device manufacturer Shinva Medical Instrument have set up a joint venture to focus on the development of X-ray equipment. The JV, which will be named Xinhua GE Medical Systems, will be headquartered in Zibo, Shandong Province in eastern China. It will have total investment of $25m and a registered capitalisation of $10m, according to a report by China Bio Today. Shinva will hold a 51% stake in the JV, while GE will have a 49% ownership. Financial terms of the deal were not disclosed. In 2008, GE said that it would be expanding its healthcare product range in rural China (see Clinica No 1328, p 16).