NEWS & UPDATES
Chicago, IL (December 2007) – Houlihan Smith & Company, Inc. (Houlihan) will serve as the exclusive financial advisor and placement agent for the bridge financing and Series A Financing of Capitis China, it was announced by Charles Botchway, Vice Chairman of Houlihan. Capitis China has developed a proprietary suite of technology and supply chain service designed to modernize China’s distribution of pharmaceuticals and medical supplies; optimize the operations and financial performance of hospitals; and improve the overall quality, safety, and cost of healthcare delivery. Based on its performance to date, Capitis China is well-positioned to become the recognized leader in e-commerce solutions, medical distribution services, and hospital information services in China.
The Chinese government is committed to reforming its healthcare supply and distribution system as part of its current five-year plan (2007-2012). Recognizing that trust in the healthcare system is critical to political stability, the government is pursuing consolidation and modernization on a massive scale. A key component to modernizing the supply chain is the introduction of technology solutions and supply chain models that adhere to international standards, but are customized to the needs of the Chinese market.
John Born, the Founder, Chairman, and CEO of Capitis China, is a proven visionary and entrepreneur with more than 20 years of success in managing corporations and leading people. A graduate of the U.S. Military Academy, Mr. Born founded CentriMed in 1998 to develop Web-based technologies, taxonomy, and highly customized e-commerce software for the healthcare industry. Based on its early market position as a leader in electronic procurement for physicians, hospitals, distributors, and manufacturers, CentriMed was later acquired by a consortium of healthcare manufacturers that included GE, Johnson & Johnson, Baxter, Tyco, Styker, and Medtronic. The firm was renamed GLOBAL Healthcare Exchange, and today is the largest healthcare e-commerce exchange in the world.
Houlihan Smith & Company, Inc. ("Houlihan") is a specialized investment banking firm that provides advisory, financing and valuation services to public and private businesses. Houlihan is a registered broker-dealer and FINRA/SIPC member. Houlihan is affiliated and works closely with Houlihan Valuation Advisors, a leading valuation firm with offices throughout the United States, providing Houlihan with a team of industry experts to efficiently handle complex client engagements.
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