GL Capital Group has acquired a controlling stake in Foryou Medical, a leading advanced wound care CDMO in China, aiming to leverage growth in the expanding healthcare sector.

Target Information

GL Capital Group, a prominent healthcare-focused private equity firm, has successfully entered into an agreement to acquire a controlling stake in Huizhou Foryou Medical Devices Co., Ltd (referred to as Foryou Medical). Founded in 2005, Foryou Medical stands as a leading advanced wound care Contract Development and Manufacturing Organization (CDMO) in China. The company specializes in the development, manufacturing, and commercialization of advanced wound care dressing products aimed at effectively managing both chronic and acute wounds.

Foryou Medical boasts one of the most comprehensive product lines within the advanced wound care sector. Its offerings include a variety of advanced medical dressings such as silicone, alginate, fiber, foam, and hydrogel, along with polymeric hemostatic products and absorbable biomaterials. The company's extensive product coverage, outstanding quality, and robust regulatory capabilities form a solid foundation for serving a diverse array of top-tier global clients.

Industry Overview in China

The advanced wound care market in China is characterized by significant growth opportunities driven by various factors, including an aging population and an increasing disease burden. With