Excelsior Healthcare Group Eyes Potential Cross-strait Medical Cosmetic Business

Taipei, Oct. 19, 2012 (CENS)--With the medical cosmetology business across the Taiwan Strait predicted to reach a value of NT$1 trillion (US$33.33 billion), the Excelsior Healthcare Group, one of Taiwan's leading medicine groups, plans to inaugurate new bases in Taiwan and Shanghai. The firm will try to attract clients by providing integrated products and services including plastic surgery, cosmetic therapy and body contouring, and skin care products.

Excelsior reports that its performance has been stable in recent years, and that its after-tax earnings per share (EPS) reached NT$1.27 (US$0.042) in the first half of 2012. Thanks to the disposal of some profitable stocks in Japan, the company predicts that its after-tax profits could hit at least NT$33 million (US$1.1 million) for the year. Institutional investors are forecasting that the firm's EPS for the year as a whole will reach around NT$2.8 to NT$3.0 (US$0.093-US$0.1).

With three million people undergoing plastic surgery in mainland China every year, the annual combined growth of the medical cosmetic industry there could hit 15% within a decade, indicating lucrative business potential there. Excelsior will strive to meet that potential by speeding up expansion after inaugurating its flagship medical cosmetic center in Shanghai in the first quarter of next year, according to its president, H.D. Fu.

In Taiwan, the firm has established a joint venture with Dynamic Medical Technologies Inc., the Excelsior Wellness Center, to provide specialized services including minimally invasive plastic surgery, spa therapy and body contouring, and high-end medical skin care products. The company plans to have 18 clinics in Taiwan by next year and to go public within three years, president Fu reported.

Fu went on to say that in the future, Excelsior will focus on the development of long-term senior/medical care services, medical cosmetology, and trade in medical devices and equipment.