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News Breaks
April 16, 2014
08:38 EDTDHRMDehaier Medical acquired multiple players' authorization for Chinese procurement
Dehaier Medical Systems announced that it will serve as the exclusive product-appointed distribution agent for several medical equipment companies in bidding for multiple government procurement projects in China, the procurement projects we are bidding for are designated by these companies. The aggregate value of the procurement projects is expected to be approximately $21M.
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February 5, 2016
06:02 EDTDHRMDehaier Medical announces corporate restructuring plan
Dehaier Medical announced its corporate and business restructuring plan which aims to concentrate the company's resources to develop its mobile health business, including wearable sleep respiratory business and to focus more on its major businesses. As of this announcement, the company has officially launched the business and corporate restructuring process.As part of the restructuring, the board of the company directed the company to set up a wholly owned subsidiary, Connection Wearable Health Technology. The company is conducting related procedures to establish CWHT and it anticipates the process to be completed by the end of February 2016. After its incorporation, CWHT will conduct wearable sleep respiratory and mobile health related businesses. On the other hand, Beijing Dehaier Medical Technology will focus on remaining profitable medical device sales, collection of existing accounts receivable, selling off remaining inventory, management and maintenance of intellectual property assets and certifications of all subsidiaries of the company. The company expects to continue scaling down and discontinuing, as appropriate, its unprofitable medical device business, including assembly and sales of X-ray machines and anesthesia machines. The company plans to maintain only a few profitable businesses such as sales of its patented medical air compressors and cardiopulmonary resuscitation instruments in the future.

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