By Fineline Cube 
Shenzhen-based XtalPi Holdings Limited (HKG: 2228) announced plans to acquire a 90% stake in Re Medical, the former Shanghai Jiao Tong University School of Medicine Medical Information Remote Monitoring Research and Development Center. The transaction is valued at RMB 250 million (USD 34.6 million).
Re Medical’s Background and Achievements
Founded in 2008, Re Medical has established itself as a leading provider of remote technology platforms and remote diagnostic service solutions in China. It is also the largest remote electrocardiogram diagnostic service solution enterprise in the country. Backed by Shanghai Jiao Tong University School of Medicine, Re Medical has provided electrocardiogram, ultrasound, blood pressure, and medical imaging platforms and diagnostic service solutions to over 1,700 medical institutions and their service sites across 16 provinces and cities in China through cloud computing open remote platforms. Notably, the company’s annual diagnostic volume for electrocardiogram alone has surpassed 1.6 million individuals.-Fineline Info & Tech