April 5, 2011 -- China Medical System Holdings will pay almost $200 million to acquire Tianjin Precede Medical Trade Development Co., a fellow drug distributor in China. CMS said the transaction will give it new products to sell and a larger sales network. Like other PRC drug distribution companies, CMS is following the well-trodden path of IPOing on the Hong Kong exchange and using the proceeds to continue the steady rollup of China’s pharma distribution networks. More details....
