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Universal Medical Signs a Framework Agreement with Bengbu Municipal People's Government, Anhui Province
- A Joint Establishment of Medical and Healthcare Organisations
- Build the city into an advanced first-class medical and healthcare services center in Anhui Province
HONG KONG, Dec 10, 2015 - (ACN Newswire) - Universal Medical Financial & Technical Advisory Services Company Limited ("Universal Medical" or "the Company") (stock code:2666.hk), the largest integrated healthcare services provider in China, is pleased to announce that it has signed a "Framework Agreement for Joint Establishment of Medical and Healthcare Organisations and Development of the Medical, Healthcare and Elderly Care Industry" with the Municipal People's Government of Bengbu, a city in Northern Anhui and entered into comprehensive strategic cooperation with the Government.
The cooperation between Universal Medical and the Peoples' Government of Bengbu City will generate considerable benefits to both parties. According to the Agreement, Universal Medical is to create a new hospital zone with Bengbu Second People's Hospital, construct the Bengbu Women and Children's Hospital with Bengbu First People's Hospital and build the new hospital complex with Bengbu Third People's Hospital. At the same time, Universal Medical is also to commence a number of projects including relocation projects, a traditional Chinese medical and healthcare project and a rehabilitation hospital construction project with Bengbu Fourth People's Hospital. These efforts are regarded as "projects for the people" and are set to enhance the scale and capabilities of all hospitals under the administration of Bengbu City.
Meanwhile, apart from injecting capital, Universal Medical will also introduce quality medical resources such as related hospitals and experts from Beijing, further develop medical specialties and optimise and adjust clinical department resources to drive the development of the key clinical departments in the regional and county hospitals. It will also invest in talent, technology and capital to quickly enhance medical standards, construction of infrastructure and medical institution management standards in Bengbu City, so as to build the city into an advanced first-class medical and healthcare services center in Anhui Province.
The Agreement is intended to provide favourable conditions for financing of public infrastructure and systems and procedures for the provision of public services in Anhui Province, and to speed up the allocation of quality medical resources from first-tier cities such as Beijing, Shanghai and Guangzhou. This Agreement ushers in closer cooperation between Anhui Provincial Government and leading enterprises in the medical and healthcare sectors.
As the listed subsidiary of a state-owned enterprise which is under the direct administration of the PRC Central Government, Universal Medical provides integrated healthcare financing, healthcare technical services, healthcare services and hospital digitalisation services. Universal Medical has a good understanding of the domestic and overseas fund and capital markets and possesses strong international and domestic medical cooperation units, as well as specialist and medical management teams. These capabilities enable it to provide solid support to units in the areas of funding as well as medical technologies and hospital management.
Bengbu City, also known as the "Pearl of the Huai River," is an important city in China and a major contributor to the economy of Anhui. As a city under the jurisdiction of Anhui province for many years, Bengbu City has been an important hub of northern Anhui, playing an important role in transportation, commercial and trade, science and education, as well as projecting a cultural and urban influence in the province. In recent years, Bengbu City has strongly advanced innovation of medical and healthcare systems and mechanisms and has actively evaluated reform of public hospitals in a bid to develop into a regional medical and healthcare industry centre in northern Anhui.
Mr. Guo Weiping, Chief Executive Officer and Executive Director of Universal Medical, said "The collaboration with the unit of Bengbu City responsible for medical and healthcare will involve major hospitals in the urban area in phases according to the plan and the requirements of integrated reform in order to strengthen the local medical and health system. Both parties will set up a number of medical groups led by large-scale public hospitals in Bengbu City comprising both regional and county hospitals, community health service centers and healthcare centers in villages and towns. The collaboration will make a substantial contribution to the development of the medical and healthcare services in Bengbu City and Anhui Province. The implementation of the strategic collaboration will also meet the strong demand for quality medical services from residents of Bengbu City and beyond.
About Universal Medical Financial & Technical Advisory Services Company Limited
Universal Medical Financial & Technical Advisory Services Company Limited is the largest integrated healthcare services provider in China in terms of revenue in 2014. The company strived to provide its clients with comprehensive integrated healthcare services, including finance leasing, industry, equipment and financing advisory and clinical department upgrade services. As of December 31, 2014, the company's sales and marketing team covered a customer base of over 1,000 hospitals. The Company's clinical department upgrade services target highly prevalent major diseases. Through the strategic cooperation with Sino American Stroke Group, the Company launched its CVA project solutions to regional and county level hospitals in 2011 to improve their CVA screening, treatment and prevention capabilities, and to provide medical training and support for medical professionals. The Company had entered into agreements in respect of its CVA project solutions with 55 hospital customers in 22 provinces in China. The largest shareholder of the Company is China General Technology (Group) Holding Company Limited, which is one of the key state-owned enterprises under direct administration of the PRC central government and is among the Fortune Global 500 list.
Source: Genertec Universal Medical Group Company Ltd
Sectors: Daily Finance, Healthcare & Pharm
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