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<p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><img class="__bg_gif" data-ratio="0.10555555555555556" src="http://mmbiz.qpic.cn/mmbiz/M2H0aGBjWUTRia7nqkArYeKZUqEfdmpNibMPiaZk4gvlWk5v5lUKyXhjJP4CENKQeQt5HI8zwcTCWJOkicfWJiatdJQ/0?wx_fmt=gif" data-type="gif" data-w="720" style="font-family: 微软雅黑;letter-spacing: 0.5px;line-height: 25.6px;text-align: right;box-sizing: border-box !important;word-wrap: break-word !important;visibility: visible !important;width: auto !important;" width="auto" /></strong></p><p style="max-width: 100%;min-height: 1em;line-height: 25.6px;font-family: 微软雅黑;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(89, 89, 89);font-size: 15px;letter-spacing: 0.25px;box-sizing: border-box !important;word-wrap: break-word !important;">目前，国药、华润并没有出现在康德乐的第二轮竞标中，只有上药开出了10亿美元(约和人民币65.8亿)的价格。</span><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p><br /></p><p><br /></p><section data-role="outer" label="Powered by gulangu" style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">如果上药与康德乐的“买卖”最终成交，这无疑将撼动目前国内药品流通行业的格局。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">早前，据路透社消息，美国药品分销巨头康德乐(Cardinal Health)准备出售其在华业务，交易价格预计在12亿~15亿美元之间。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(89, 89, 89);font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;">彼时，路透社消息表示上药、华润及国药等巨头都有意买入康德乐中国。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">而此时，在康德乐(Cardinal Health)出售中国区业务第二轮竞标中，国药、华润都未现身。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">目前，上药和私募股权(PE)公司方源资本已经进行了第二轮投标，价格预计为10亿美元。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">这一报价相较于此前7月份的首轮竞价已经缩水达5亿美元。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><img class="__bg_gif" data-ratio="0.7556818181818182" src="http://mmbiz.qpic.cn/mmbiz_gif/YbTq6LNicqJ4iaE2SjMkdiaFZOyDjicdm56icsGEvw19hnoDVCyk85aBuicszx05pF4hhvXcVEzQnZmSvTc0B4ZB7HPg/0?wx_fmt=gif" data-type="gif" data-w="352" style="box-sizing: border-box !important;word-wrap: break-word !important;width: auto !important;visibility: visible !important;" /></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(151, 72, 6);box-sizing: border-box !important;word-wrap: break-word !important;">▍缩水30亿的背后</span></strong></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">康德乐中国“缩水”的背后是两票制政策的切实影响。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">在两票制政策环境下，由全国性流通企业销售给区域性流通企业已经不再被允许，只有对品种、终端都有较强对接能力的配送企业才有生存空间，而这并不是康德乐的优势所在。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">其实，早在八月份，两票制对于康德乐的影响就体现出来了。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">那时，全国各省配送商都已经基本确定，而康德乐在多地落选，这可能对康德乐中国的价格产生了直接的影响。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">另一方面，作为商业企业，康德乐在中国的运作也以轻资产模式为主，办公楼、仓库以及营运设施都是以租赁为主，这对其估价有所影响。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(151, 72, 6);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;">▍康德乐最大魅力</span></strong></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">康德乐在国内的竞争优势主要集中在其分销业务以及DTP，其分销业务对于巨头们还只是锦上添花，DTP可能是更为重要的竞争优势所在。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">2012年底，康德乐在上海开设第一家DTP专业药房，2013年10月又收购广州百济新特药业连锁有限公司，发力扩张DTP版图。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">凭借着从美国带来的DTP药房的成熟经验和操作模式以及在中国五年多的实践，为中国各方DTP入局者提供一个窥探国际标准专业药房模式的入口。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">据悉，康德乐30家DTP药房目前年销售额可达6~7亿元，单店销售额一般能达2000万元，是普通零售药店单店销售的40倍，每年服务患者数大约在15万~20万人次。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><img class="__bg_gif" data-ratio="0.85546875" src="http://mmbiz.qpic.cn/mmbiz_gif/YbTq6LNicqJ4iaE2SjMkdiaFZOyDjicdm56icVAv4uuJsbTDXYrdbR816P3BNe4NcZwKowgGL5ibLg3FACkZibrXfaC0w/0?wx_fmt=gif" data-type="gif" data-w="256" style="box-sizing: border-box !important;word-wrap: break-word !important;width: auto !important;visibility: visible !important;" /></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(151, 72, 6);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;">▍最终鹿死谁手?</span></strong></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">除上药和私募股权(PE)公司方源资本，在中国医疗健康行业有过美中宜和、伊美尔等成功投资经验的美国华平投资集团，以及号称是亚洲最大的独立多元化投资管理集团之一的太盟投资集团也对康德乐的中国业务表现出了投资意向。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">一般来说，方源资本作为资本方不会直接参与此类项目的竞买，因此有观点认为很有可能其是代表其他企业进行竞买。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">据悉，康德乐计划将在接下来几周内同一个更小范围的竞标者进行进一步的谈判。这也就是说出现其他竞标者的可能性已经不大。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">不过，美国华平投资集团、太盟投资集团两家都是实力较强的投资机构，他们的加入也可能使得此次出售再生变数。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">抛开投资机构不谈，上药最终的竞标其实早在预料之中。在国药、华润、上药三家之中，最有收购动力的就是上药。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">国药与华润都已经实现了全国的网络布局，纳入康德乐也只是增厚业绩，并无太大的战略意义，但对于上药来说，收购成功则意味着其将在体量上迅速超过华润。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">另外，康德乐总部和上药一样都在上海，且康德乐有很多外国的代理品种，这都是上药所看重的。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">另一方面，近年来，上海医药对外扩张确实动作频频。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">去年12月，上海医药公告其下属全资子公司以现金约9.38亿元人民币完成了对澳大利亚保健品公司Vitaco60%股权的收购。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">而在此后业界又有传言称，上海医药还先后计划竞购美国制药公司Arbor的股份以及参与德国大药厂Stada的竞购。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">这些似乎都表明，上药目前对于外部并购颇有兴趣。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;">并且，从战略防御的角度来说，上药出手也是情理之中。早前就有业内人士分析若华润接盘，这对上药来说，无疑是一种打击。</span></p><p style="max-width: 100%;min-height: 1em;letter-spacing: 0.25px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;color: rgb(89, 89, 89);box-sizing: border-box !important;word-wrap: break-word !important;"><br /></span></p></section><section data-role="outer" label="Powered by gulangu" style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;text-align: center;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;letter-spacing: 0.5px;line-height: 28px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;font-size: 16px;letter-spacing: 1px;line-height: 25.6px;white-space: pre;color: rgb(68, 68, 68);font-family: 宋体;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;color: rgb(95, 73, 122);font-size: 14px;line-height: 24.381px;text-align: justify;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(112, 48, 160);font-size: 18px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;line-height: 25px;text-align: center;color: rgb(192, 0, 0);font-size: 24px;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;">赞</strong></span><span style="max-width: 100%;color: rgb(62, 62, 62);line-height: 25px;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;">是一种友谊 | </span><span style="max-width: 100%;line-height: 25px;text-align: center;color: rgb(192, 0, 0);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;">分享</strong></span><span style="max-width: 100%;color: rgb(62, 62, 62);line-height: 25px;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;">传递智慧</span></span></strong></strong></strong></span></strong></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;text-align: center;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;letter-spacing: 0.5px;line-height: 28px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;font-size: 16px;letter-spacing: 1px;line-height: 25.6px;white-space: pre;color: rgb(68, 68, 68);font-family: 宋体;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;color: rgb(95, 73, 122);font-size: 14px;line-height: 24.381px;text-align: justify;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(112, 48, 160);font-size: 18px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;color: rgb(62, 62, 62);line-height: 25px;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></span></span></strong></strong></strong></span></strong></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;text-align: center;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;letter-spacing: 0.5px;line-height: 28px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;font-size: 16px;letter-spacing: 1px;line-height: 25.6px;white-space: pre;color: rgb(68, 68, 68);font-family: 宋体;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;color: rgb(95, 73, 122);font-size: 14px;line-height: 24.381px;text-align: justify;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 18px;color: rgb(62, 62, 62);line-height: 25px;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;white-space: normal;widows: 1;font-family: 微软雅黑;color: rgb(171, 25, 66);box-sizing: border-box !important;word-wrap: break-word !important;">，您身边的医学影像设备应用专家</strong></span></strong></strong></strong></span></strong></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;text-align: center;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;letter-spacing: 0.5px;line-height: 28px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 15px;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;font-size: 16px;letter-spacing: 1px;line-height: 25.6px;white-space: pre;color: rgb(68, 68, 68);font-family: 宋体;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;color: rgb(95, 73, 122);font-size: 14px;line-height: 24.381px;text-align: justify;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 18px;color: rgb(62, 62, 62);line-height: 25px;text-align: center;box-sizing: border-box !important;word-wrap: break-word !important;"><strong style="max-width: 100%;white-space: normal;widows: 1;font-family: 微软雅黑;color: rgb(171, 25, 66);box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></strong></span></strong></strong></strong></span></strong></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;text-align: center;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;text-indent: 0em;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;">地址：广州市天河区银利街银利茶叶博览中心E栋4楼E4030室 </span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;line-height: 1.75em;box-sizing: border-box !important;word-wrap: break-word !important;">邮编：510507</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">电话：(+86)020-8722 8723 8764 5360 8764 2943 </span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">传真：020-8722 8623</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">全国统一免费服务热线：400-020-6788</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 16px;line-height: 24.381px;box-sizing: border-box !important;word-wrap: break-word !important;">公司官网：http://gb.parts-ultrasound.com/</span><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;"></span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;font-family: 微软雅黑;line-height: 24.381px;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;line-height: 1.75em;text-indent: 0em;font-size: 14px;font-family: Arial, Verdana, sans-serif;box-sizing: border-box !important;word-wrap: break-word !important;">微信公众帐号：</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;text-align: center;line-height: 25.6px;font-family: 微软雅黑;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><img class="" data-ratio="1" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/dx3KibwtDhvfh2wVX4NftfnfjcZWIKK6EQDWtTTsYwjfQBnsqkThAZP5OlDmg5S3g22gSqMWhAxr2O4MydSJHnQ/640?wx_fmt=jpeg" data-type="jpeg" data-w="258" style="float: left;box-sizing: border-box !important;word-wrap: break-word !important;visibility: visible !important;width: auto !important;" width="auto" /></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">维修咨询：QQ: 712638 404</span><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">设备咨询: QQ: 712638 405</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);font-size: 16px;white-space: normal;font-family: 微软雅黑;line-height: 24.381px;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;text-indent: 0em;box-sizing: border-box !important;word-wrap: break-word !important;">软件咨询：QQ: 712638 406</span><br style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;" /></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">配件咨询：QQ: 712638 407</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">交流Q群：1106 11074</span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;">阿里店铺网址：</span><span style="max-width: 100%;box-sizing: border-box !important;word-wrap: break-word !important;">https://renchengyiliao.1688.com</span></span></p><p style="max-width: 100%;min-height: 1em;color: rgb(62, 62, 62);text-indent: 0em;white-space: normal;font-size: 12px;font-family: Arial, Verdana, sans-serif;line-height: 1.75em;background-color: rgb(255, 255, 255);box-sizing: border-box !important;word-wrap: break-word !important;"><span style="max-width: 100%;font-size: 14px;box-sizing: border-box !important;word-wrap: break-word !important;">电子邮箱：service@yiliaoshebeiweixiu.com</span></p></section><p><br /></p>
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发表于 2020-10-19 23:06:10