Southern Home Medical (SHOM) is continuing to strengthen its capabilities in the healthcare industry and has acquired the Taiwan-based company, CES Technology (CES), formed in 2012, and located in Taoyuan City.
CES Technology provides a range of solutions within the Healthcare Industry. CES has developed successful marketing and distribution channels.
The company's network in Asia includes Taiwan, China, Japan, Korea and Malaysia. SHOM plans to use these networks to expand sales into new markets.
Along with the CES Technology transaction, SHOM has partnered with KC Global Inc., a research and development company based in Nevada.
KC Global Inc. will assist SHOM with the development of healthcare related products that the companies plan to sell and distribute in the US and Asian markets.
"We are excited to announce this acquisition and partnership as it represents a more focused approach within the Healthcare industry for SHOM. We are excited about the opportunities ahead as SHOM increases its reach into the global Healthcare markets.
“We have a lot of moving pieces to account for in this type of transaction, and it has taken some time to complete. In the end, this creates value for the company and shareholders," stated Interim CEO Miguel Dotres.
"This is a great decision for our business, as it will provide additional opportunities to our existing customers, as well as great opportunities for our company. We are very excited to join SHOM," says Yu Yuan Ming, Director of CES Technology.
Southern Home Medical is a Holding Company with a focus on servicing the needs of the Healthcare Industry. SHOM will continue to leverage the success of their businesses in order to expand sales opportunities in other locations throughout the country with health, medical and equipment needs.