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Sanxing Medical

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2023

    High-premium purchase of AUX-linked hospitals questioned as benefit transfer; Mingzhou Hospital cited for medical insurance violations

    Sanxing Medical has repeatedly acquired Mingzhou hospital network hospitals incubated outside the listed company by controlling shareholder AUX at premiums, causing goodwill to surge; the Shanghai Stock Exchange issued two inquiry letters, and a plan to acquire six hospitals in 2024 was ultimately terminated. Its Mingzhou Hospital has been penalized in multiple places for medical insurance violations including duplicate charging and out-of-scope settlement, with the highest fine 3.1161 million yuan. Deal terminated; medical insurance penalties.

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