Aier Eye Hospital expands network with 39 clinic acquisitions

Aier Eye Hospital Group announced the acquisition of partial equity in 39 eye care institutions for a total of 96,302.28 million yuan. The transaction, approved by the board on December 24, 2025, will be funded by the company's own capital and aims to enhance its market leadership and operational efficiency. This move is consistent with the company's strategy to expand its "tiered chain" network and improve service coverage.

The acquired entities, predominantly city and county-level projects, are transitioning from loss to profit, with a collective net profit of 2,024.59 million yuan for the first nine months of 2025, compared to a net loss of 5,899.51 million yuan for the full year 2024. This indicates the institutions are reaching an inflection point of profitability. The acquisitions are deemed reasonable and necessary, contributing to the company's overall profitability and supporting national "tiered diagnosis and treatment" policies.

The acquisition price was determined based on valuation reports, primarily using the income approach, with an average valuation appreciation rate of 531%. This valuation is considered consistent with comparable transactions in the healthcare sector.