# Hanmi Science to absorb affiliate Hanmi Healthcare

Hanmi Group's holding company Hanmi Science decided to absorb its affiliate Hanmi Healthcare to simplify governance and maximize growth in food supplements and medical device business. The transaction is scheduled to be completed by early November 2022.

- Type: Acquisition
- Announced: 2022-08-24
- Where: South Korea
- Status: announced
- Products: food supplements, medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Hanmi Science](https://endata.com/companies/64886.md) (acquirer)
- [Hanmi Healthcare](https://endata.com/companies/64887.md) (target)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/10433335), 2022-08-24: "Hanmi Science has decided to absorb its affiliate Hanmi Healthcare to simplify governance and maximize its growth potential in food supplements and medical device business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.