Can Ali'S Health Check Ups Break Through The Dilemma?

Internet giant is once again eyeing the big cake of private medical examination.

On the evening of October 27th, the US health bulletin stated that the company shares 209 million shares, 196 million shares and 200 million shares of the listed company to Ali network, Hangzhou letter investment and Shanghai Qi Jun, respectively, and shares 605 million shares (accounting for 16.16% of the total share capital of the company). The next day, the US health market opened up to a daily limit of 14.97 yuan / share.

Among them, Ali network, Hangzhou letter investment constitutes a concerted action relationship, will hold 10.82% of the company's shares; Shanghai Qi Jun will hold 5.34% of the company. This also means that Alibaba has become the second largest shareholder in the United States. Yu Rong, the controlling shareholder of the US health company and his co operative group, dropped from 37.61% to 22.88%, and the company's actual controller is still Yu Rong.

Alibaba has already invested two private health examination giants, such as American health and ai Kang, and whether the private health examination in the future can break through the limitations of its own development and solve the problems that have become urgent problems in recent years.

For a long time, the excessive expansion of capital in the private health examination industry has gone all in to pursue the price and price war, and there is a deviation from the development mode, and the demand for turning into a healthy development mode is more urgent. In the final analysis, the physical examination industry is still a knowledge intensive industry, requiring a high level of comprehensive quality for practitioners.

Cash 7 billion 300 million yuan

"The next richest person in China must be in the field of big health." Ma Yun, member of the board of directors of Alibaba group, also led Ali to set up the medical industry. At that time, the medical industry was in the ascendant. Under the trend of national policy and great health, many of the big guys turned around and invested money. There were many Internet giants such as Alibaba and Tencent.

The share transfer price is 12.01 yuan / share, compared with the US health October 25th closing price of 13.61 yuan / share discount of about 12%. Based on this calculation, Ali network, Hangzhou letter investment and Shanghai Qi Jun have to pay the above shares 2 billion 510 million yuan, 2 billion 354 million yuan and 2 billion 401 million yuan respectively, and Ali pays 4 billion 846 million yuan to the price. This also means that the US health regulator Yu Rong and the concerted action are cash in 7 billion 265 million yuan.

In the US year health side, Ali network, Hangzhou letter cast and Shanghai Qi Jun as important strategic shareholders and partners of the company can help us to improve the level of digitalization and intellectualization, and build a technological platform for collaborative innovation.

As a matter of fact, Ali had worked with American health before he became a shareholder.

In 2017, Ali Yun worked with the US health year. The two sides built cloud computing platform to carry out core data analysis and cooperative application such as physical examination, medical imaging, and jointly build an open platform for healthy big data. This time he joined the US health year, and Ali may have "prepared for a long time".

Pacific Securities analyst Du Zuoyuan pointed out that Ali's stake in the preventive medicine industry is valued and optimistic, and is also a recognition of the leading position of the US industry.

Internet giant "tide"

In the past few years, the private health examination industry is still in the "three feet stand" pattern. In 2014, the US health acquired 27.78% stake in the health examination. With the US health year's stake, there are only two giants in the private health examination industry, namely, ai Kang state guest and American health.

For a long time, ai Kang ambassador and American health continued to perform "palace fighting big drama", constantly competing for the private medical examination market. In March 2018, ai Kang announced that he would accept the privatization of Ali. In January 2019, ai Kang announced the completion of privatization and formally changed his name to Ali.

But today, with the entry of Internet giant Ali, the pattern of private health examination has changed.

Ali did not stop his ambitions after entering the country. Only a year later, Ali has completed the entry into the US health. The big two have fallen into Ali's pocket.

Carefully, Ali shares the right time for us health.

From the three quarterly report released by the company, the total operating income in the first three quarters of the year was 6 billion 278 million yuan, an increase of 7.89% over the previous year, of which the net profit of the female parent was 391 million yuan, down 5.46% from the same period last year. The third quarter achieved 2 billion 636 million yuan in revenue in the single quarter, up 2.24% over the same period last year, and net profit of 374 million yuan, an increase of 46.80% over the same period last year.

The company's business in the third quarter was significantly warmer, and the revenue side growth was stable. Last year, the company was frequently influenced by various negative public opinions, and the market value had evaporated 6 billion 770 million yuan in one day. From the point of view of revenue, the business of individual inspection and group inspection is going back to the growth trend. And profit side growth is more obvious, mainly because fixed costs are relatively stable, and the profit side elasticity appears after the peak season.

In this regard, CITIC investment analyst He Juying said: "the impact of last year's event has begun to fade away. Since the beginning of this year, the quality of health examination has been strengthened, and the sample management and control system has been upgraded to enhance the quality and compliance of the physical examination report, and further enhance customer experience in the post inspection consultation and customer maintenance. These improved measures have achieved remarkable results in the three quarter. "

In the long run, the health management industry is still a sunrise industry with broad market prospects. As the absolute leader of the private health examination industry, the company is expected to open a new round of expansion and high growth in the future.

With the spring breeze, the layout of the Internet giant has never stopped.

Prior to this, the health China 2030 plan outline issued by the State Council put forward the goal and task of building healthy China. Around the two core areas of disease prevention and health promotion, 15 major special actions will be launched to make the masses not sick or sick. At the same time, the outline clearly points out that by 2020, the total scale of health services will exceed 8 trillion and reach 16 trillion by 2030. The health care industry will usher in an unprecedented development opportunity.

Astronomical figures of 16 trillion must set off a carnival of capital. With the spring breeze of the industry, the Internet giant has never stopped the layout of the health industry. In the medical industry, Tencent, the Internet giant, is also unwilling to be outdone. In recent years, Tencent has invested a lot in the health industry, including micro medicine (registered network), good doctor online and Ding Xiang Yuan, and dozens of Internet healthcare enterprises have invested in Tencent, with a total amount of nearly ten billion yuan.

Predicament to be solved

Although capital Carnival and Internet giants have entered the circle, but due to the shortage of doctors resources and rapid expansion and development, private health examination has always been a problem.

Zhang Ligang, chairman of ai Kang, has also directly exposed many shady practices in the physical examination industry. The test workers do not have relevant qualification certificates, do not test directly after blood collection, and report the results directly.

Yu Rong, chairman of the American health industry group, also said that for the private health examination institutions, the future is to compete with the public hospitals, but the competition of the private health examination industry is low level of internal friction and price war, which will not help the future development of the industry.

"The income of a public hospital nurse in Guangzhou reaches 10000 yuan, but there are private medical institutions in order to compress costs and achieve rapid expansion. The actual wage level may only be 2000-3000 yuan, and the doctor's salary may be only 4000-5000 yuan. The general situation of private medical institutions is the large mobility of personnel and the shoddy health care workers. A director of a medical examination center of a third class hospital in Guangzhou revealed to the twenty-first Century business reporter.

At present, although the public hospitals dominate the physical examination market in China, the development mode of the private medical institutions and public hospitals coexist. Private medical institutions sell services, while public hospitals physical examination centers win quality assurance. However, the seemingly low threshold physical examination departments also have high requirements for doctors' qualifications and experience, for example, the judgement of color Doppler ultrasound depends to a large extent on the experience of doctors. With the entry of Internet giants, the future pattern of private medical examination is still doubtful.