Sisram Medical Ltd (HKG: 1696), an Israel-based company and part of the Fosun Pharmaceutical Group (SHA: 600196), has announced that its wholly-owned subsidiary, Alma Lasers Ltd (HKG: 1696), has closed a deal to fully acquire PhotonMed International Ltd, a leading distributor of energy source equipment in China. This acquisition is set to significantly enhance Sisram’s global footprint in the medical equipment sector.
PhotonMed’s Partnership with Alma Lasers and Expansion in China
PhotonMed International Ltd initially partnered with Alma Lasers in 2003, serving as Alma’s distributor within China. With a strong presence across 14 offices in the country, PhotonMed is well-positioned to grow synergistically with Alma in the energy source business. This acquisition will allow for a more integrated approach to the Chinese market, leveraging PhotonMed’s established network and Alma’s expertise in medical laser technology.
Sisram Medical’s Market Debut and Global Ambitions
Sisram Medical made history in September 2017 by becoming the first Israeli company to list on the Hong Kong Stock Exchange. The company’s listing marked a significant milestone in its journey to expand its global reach and influence. With the acquisition of PhotonMed, Sisram Medical continues to execute on its strategy to strengthen its position in key international markets, particularly in the rapidly growing Chinese medical equipment sector.-Fineline Info & Tech
