BEIJING, March 11, 2020 /PRNewswire/ -- Concord
Medical Services Holdings Limited ("Concord Medical" or the
"Company") (NYSE: CCM), a healthcare provider specializing in
cancer care, research, education and prevention by operating a
network of medically advanced comprehensive cancer hospitals and
standalone radiotherapy and diagnostic imaging centers in
China, today announced that CITIC
Industrial Investment Group Limited, a renowned investment
institution, will make an investment in Concord Medical's
subsidiary, Meizhong Jiahe Hospital Management Group Co., Ltd.
("Meizhong Jiahe"), subject to the satisfaction of closing
conditions pursuant to an agreement entered into between the
parties. The total investment will be approximately RMB700 million.
As the most important operating platform of Concord Medical in
China, Meizhong Jiahe is focusing
on the development and management of comprehensive cancer hospitals
and the standalone radiotherapy and diagnostic imaging center
network in China. Meizhong Jiahe
is committed to provide its patients with high-quality
patient-centered multidisciplinary cancer care services. In
addition, Meizhong Jiahe provides the cutting-edge Proton therapy
treatment option in the Company's Beijing, Shanghai and Guangzhou cancer hospitals. Meizhong Jiahe is
dedicated to become a premier cancer medical services provider for
the patients in China by helping
to eradicate the cancer diseases by offering international
recognized clinical research, multidisciplinary treatment care
approach and advanced hospital management systems.
Dr. Jianyu Yang, Chairman and
Chief Executive Officer of Concord Medical, commented, "We are
excited and honored to have such a strong partner to make a
significant investment in Meizhong Jiahe, which can support the
opening of our Guangzhou Cancer Hospital this year and the
operation of our other medical institutions. We are very confident
that Meizhong Jiahe will continue to take this opportunity to
invest in the healthcare industry in China and to introduce more state-of-the art
medical technologies to our hospitals. We also believe that
Meizhong Jiahe will offer the high-quality clinical outcomes and
the world-class cancer care services to our patients."
About Concord Medical
Concord Medical Services Holdings Limited is a healthcare
provider specializing in cancer care, research, education and
prevention. The Company operates a network of medically advanced
comprehensive cancer hospitals and standalone radiotherapy and
diagnostic imaging centres in China. The Company focuses on providing
multidisciplinary cancer care approach in all areas of oncology
services in its cancer hospitals. The Company also equips its
hospitals with technologically advanced equipment such as the
state-of-the-art proton therapy system in its Beijing, Shanghai and Guangzhou cancer hospitals. As of June 30, 2019, the Company operates a network of
30 standalone radiotherapy and diagnostic imaging centres under a
long-term operation and management agreements with 20 states-owned
hospitals, spanning over 20 cities across 13 provinces and
municipalities. To ensure the commitment to the highest level of
clinical care for patients, the Company offers ongoing education
and training for doctors and other medical professionals in its
network hospitals and centres in both local and overseas medical
institutions.
For more information, please see http://ir.ccm.cn.
Safe Harbor Statement
This announcement contains forward-looking statements.
These forward-looking statements can be identified by words or
phrases such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar
expressions. Forward-looking statements are inherently
subject to uncertainties and contingencies beyond the Company's
control and based upon premises with respect to future business
decisions, which are subject to change. A number of important
factors could cause actual results to differ materially from those
contained in any forward-looking statement. The Company does
not undertake any obligation to update any forward-looking
statement, except as required under applicable laws.
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SOURCE Concord Medical Services Holdings Limited