SheepMedicalCo., Ltd. (“SheepMedical”), a medical technology company driving the digital transformation of orthodontics and preventative care, today has announced the acquisition of Changzhou Reika Medical Technology in Jiangsu, China, further accelerating their business development on a global scale.
The orthodontic aligner market in China is the second-largest after the US and continues to grow rapidly. With the vision of “100 Years of Joyful Living Starts with New Daily Habits,” SheepMedical seeks to expand orthodontic aligner services in China through the acquisition of Changzhou Reika Medical Technology.
Xiaoxing Liu, Country Head of the China business, said, “Orthodontic aligners are growing significantly in China, and we would like to deliver high-quality orthodontic aligner services from Japan to the Chinese market as soon as possible. Through the acquisition of Changzhou Reika Medical Technology, we will develop our business in China by utilizing the extensive network and production background of Changzhou Reika Medical Technology and our clear aligner experience derived from our success in Japan.”
“SheepMedical’s acquisition of Changzhou Reika Medical Technology is an important step in the company’s global expansion, following the recent establishment of a subsidiary in India and in the US. ” SheepMedical’s Chief Global Strategist, Takuya Kiriyama, said, “Our business development in China is a strategic milestone offering a significantly increased Total Addressable Market. We believe our work in China will take our company to the next level.”
About Changzhou Reika Medical Technology Co.
Company name: Changzhou Reika Medical Technology Co.
Location: Changzhou,Jiangsu, China
Business description: Manufactureand sale of orthodontic aligners
SheepMedical, a medical technology company, promotes the digital transformation of orthodontics and preventive care. As the leading independent Company in the clear aligner business in Japan, SheepMedical focuses on quality, preventative orthodontic care and is building health solutions for today's challenges, and anything tomorrow brings. The SheepMedical story began with the fastest aging yet healthiest population in the world – Japan. With our preventative care model, SheepMedical provides health services seeking to extend global life expectancy.