The Zhitong Finance App learned that recently, Gushengtang (02273) signed a strategic cooperation agreement with Ningbo Guyuantang to acquire 3 stores under Guyuantang. Under the “self-building+merger and acquisition” two-wheel drive strategy, Gushengtang is steadily advancing the national expansion plan and international development process. Medical consortium cooperation accelerates, physicians' reserves continue to increase, endogenous epitaxial forces unleash momentum in both directions, and the company's regional penetration and scale effect continue to increase.
Since 2024, the company has built itself, completed mergers and acquisitions, and signed 9 new mergers and acquisitions, and the number of branches will increase to 67. In March, Gushengtang acquired Baozhongtang Singapore, taking the first step in internationalization; in the same month, it acquired Kunshan Laien and officially opened its own store, Shanghai Putuo Branch, and continued to operate in the Yangtze River Delta. In May, Gushengtang acquired Beijing Asian Games Village Hospital of Traditional Chinese Medicine, Changshu Nanshan Hall, Ningbo Yinzhou Guyuantang, Ningbo Yinzhou Ming Medical Center, and Ningbo Yinzhou Zhanhai Guyuantang. The company successfully opened its own Suzhou Wujiang Branch.
At this point, during the year, the company successfully launched an international layout in two cities, Changshu and Singapore, and encrypted the same city in Yangtze River Delta cities such as Shanghai, Suzhou, Ningbo, and Kunshan. Offline traditional Chinese medicine diagnosis and treatment institutions covered 17 cities at home and abroad. With the accelerated expansion of the company's business layout and accelerated integration of the traditional Chinese medicine diagnosis and treatment market, the company's market brand influence is expected to further increase, and the scale effect will continue to increase.
Gushengtang and Ningbo Guyuantang signed a strategic cooperation agreement
Along with the expansion of the business landscape, the company's medical consortium cooperation is also progressing steadily, and the team of doctors continues to grow. Since this year, Gushengtang has added 6 new medical consortium partners, bringing the total number of medical consortium cooperating units to 26. In January, Gushengtang and Heilongjiang University of Traditional Chinese Medicine jointly established a medical consortium; in March, they reached a medical consortium cooperation with Jiangyin Hospital of Traditional Chinese Medicine, and signed strategic cooperation with Henan Tuina Vocational College, Guangdong Chaozhou Health Vocational College, and Dazhou Vocational College of Traditional Chinese Medicine; in April, it signed a strategic cooperation with Zhongshan Hospital of Traditional Chinese Medicine to cooperate in various fields such as talent development, scientific research, and medical construction.
Signing ceremony for strategic cooperation between Gushengtang and the college
The company's management said it will continue to maintain a positive development strategy in terms of urban sinking and store expansion this year. Many institutions, such as Goldman Sachs, Bank of America, Haitong International, and Dongwu Securities, have given increasing or buying ratings. They believe that the company has now formed excellent mergers and acquisitions integration capabilities, combined with internal dynamic support such as medical consortium cooperation and continued growth of the physician team, which is expected to drive rapid growth in the company's performance, create value for customers, and create returns for shareholders.