idsMED Acquires Medical Distribution Business Under Moonyeen Holdings
We are delighted to announce the acquisition of the medical device distribution businesses of Moonyeen Holdings Inc. and its subsidiaries including Fernando Medical Enterprises Inc., Biodevices Inc., Biosolutions Inc. and Life Care Technologies (collectively MHI).
Announcement
18 July 2019
Country(s)
iconiconiconiconiconiconiconiconicon

We are delighted to announce the acquisition of the medical device distribution businesses of Moonyeen Holdings Inc. and its subsidiaries including Fernando Medical Enterprises Inc., Biodevices Inc., Biosolutions Inc. and Life Care Technologies (collectively MHI).

MHI was established in March 1991 by Mr. Rafael (Rafy) Fernando. The Company’s initial product portfolio was focused on Cardiovascular Surgery. Over the years MHI’s product portfolio greatly expanded into various specialty care segments and eventually Rafy Fernando decided to set up different sales companies in order to maintain focus and clear operational/financial accountabilities on different lines of products.
 

The acquisition will significantly enhance the scale of idsMED’s medical business in the Philippines and expand idsMED Philippines’ coverage in the medical specialty care segments of Cardiovascular, Diagnostic Imaging and Intensive Care.

 

Save to bookmark
Share

What to read next


02 December 2019
Opening Ceremony of Mekong Delta Branch Office
On 22 November 2019, idsMED Vietnam held the Opening Ceremony for its newly established Branch Offic...
Announcement
27 November 2019
idsMED Singapore Wins Two Awards at BD Awards Night 2019
idsMED Singapore Wins FY19 South East Asia Sales Excellence Award and FY19 SEA Top Growth Award in t...
Announcement
07 August 2019
Acquisition of Medical Aesthetic Business in Indonesia
We are delighted to announce the acquisition of the medical aesthetics distribution business of PT. ...
Announcement