Jointly Establishing the International Land Port Hospital; Universal Medical and First Affiliated Hospital of Xi'an Jiaotong University to Initiate the Public-Private-Partnership Model

Jan 10, 2016 19:33 JST

HONG KONG, Jan 10, 2016 - (ACN Newswire) - Universal Medical Financial & Technical Advisory Services Company Limited ("Universal Medical" or the "Company"; stock code: 2666) and the First Affiliated Hospital of Xi'an Jiaotong University ("First Affiliated Hospital") today officially signed the investment agreement pertaining to the joint establishment of the International Land Port Hospital under First Affiliated Hospital ("ILP Hospital"). The ILP Hospital project, supported by national policies, is a project integrating "Medicine, Education, Research, Nursing, and Treatment" which applies the Public-Private-Partnership model ("PPP model"). Both parties of the cooperation, aimed at building a first-class high-tech medical center in Northwest China, will jointly establish and operate the ILP Hospital. Meanwhile, the two parties will establish a community combining medical and nursing care which measures up to international standards by this platform, making which a benchmark for other projects combining medical and nursing care nationwide.

Jointly Establishing the International Land Port Hospital; Universal Medical and First Affiliated Hospital of Xi'an Jiaotong University to Initiate the Public-Private-Partnership Model

The project, the first collaboration between one of the central hospitals under National Health and Family Planning Commission ("NHFPC") and a company supported by social capital, is a piece of pioneering work applying the PPP model in the medical and healthcare field, and truly, is a milestone for the development of China's healthcare undertakings. ILP Hospital is planned to be a comprehensive hospital with the capacity of 1,000 beds and Class III grade. The Company will provide full support for the establishment and operation of ILP Hospital, including funding, technical service, management and training. The parties further agreed to establish a joint venture to manage healthcare business of ILP Hospital. The ILP Hospital is proposed to be built into a Class III-A-grade comprehensive hospital with specialized and combined departments providing international medical treatment based on effective information platform. Meanwhile, nursing homes, public service center and commercial and life supporting facilities are planned to be built in the vicinity of the ILP Hospital. The joint establishment is estimated to significantly improve the medical service capability for people in Shaanxi Province and its surrounding areas, and hence, people in Northwest China will embrace far-reaching benefits.

Based on the future development of current public hospitals, establishing hospitals under cooperation with social capital to develop specialty clinics not only will benefit the resource optimization of hospital departments, but also will lead the development of key clinical departments of county-level hospitals, which is a win-win choice for both public hospitals and their partners.

Leaders who attended the signing ceremony include Li Dang, General Manager of China General Technology (Group), Hu Heping, Deputy Secretary of the CPC Shaanxi Provincial Committee, Mao Wanchun, Member of the Standing Committee of the CPC Shaanxi Provincial Committee and Minister of the Organization Department, Zhang Maizeng, Secretary of the Party Committee of Xi'an Jiaotong University, Wang Lixia, Deputy Governor of Shaanxi Province, Zhao Minggang, Director of the Healthcare Management Center of the NHFPC, Shi Bingyin, Director of the First Affiliated Hospital of Xi'an Jiaotong University, and Guo Weiping, Executive Director and CEO of Universal Medical Financial & Technical Advisory Services Company Limited.

Zhao Minggang, Director of the Healthcare Management Center of the NHFPC, commented on the cooperation, "Currently, public hospitals in China face a sharp conflict between shortage of medical resources and people's demand for medical treatment, which also is the opportunity of introducing other capital to participate in the healthcare reform. The joint establishment of the ILP Hospital through PPP model can further develop the potential capacity of utilization of quality medical resources, shake off the bonds of mechanism, solve the bottlenecks of fund shortage, and achieve powerful combination of both parties' state-backed capital and their mutual appreciation." He expressed that, the cooperation is of great importance in improving the medical infrastructure in Xi'an International Port District and its surrounding areas, in establishing a high-level medical center with services covering Northwest China, and in improving medical conditions for the people.

Shi Bingyin, Director of the First Affiliated Hospital of Xi'an Jiaotong University, expressed, "After the joint establishment through the PPP model, the First Affiliated Hospital will be responsible for providing medical technology support, leading technology talents and teams, and mature hospital management system which are in accordance with brand demand. Meanwhile, the First Affiliated Hospital will be engaged in medical operation during the process of hospital operation." He also pointed out that, the joint establishment of the ILP Hospital, in the short run, will alleviate the unbalanced distribution of quality medical resources, which will benefit ordinary people the most.

Guo Weiping, Executive Director and CEO of Universal Medical Financial & Technical Advisory Services Company Limited, stated, "Under the cooperation between Universal Medical and the First Affiliated Hospital, our investment in resources will address the current weakness of public hospitals. Therefore, more domestic and overseas quality medical service resources, including optimized management philosophy, doctor trainings, admission of experts, clinical departments improvement, disciplines construction, introduction of equipment, and medical informatization, will be provided for hospitals. The advantages derived from the cooperation are exactly the results that the state intends to achieve when encouraging and promoting the PPP model, and will guide the future direction of development for the International Land Port Hospital.

About the Universal Medical Financial & Technical Advisory Services Company Limited
Universal Medical Financial & Technical Advisory Services Company Limited ("Universal Medical" or "the Company") is the largest integrated healthcare services provider in China (in terms of revenue in 2014, according to a report of an independent consulting company). Focusing on the rapid development of Chinese medical services business, the Company is supported by its own abundant medical resource platform, and offers a wide range of flexible integrated healthcare solutions to its hospital customers.

The largest shareholder of the Company is China General Technology (Group) Holding Company Limited ("GT-PRC"). GT-PRC is a Fortune 500 enterprise and one of the core state-owned enterprises directly administered by the Chinese central government.

About the First Affiliated Hospital of Xi'an Jiaotong University
The First Affiliated Hospital of Xi'an Jiaotong University (the original First Affiliated Hospital of Xi'an Medical University) is a large-scale comprehensive hospital with Class III-A grade under direct supervision of the National Health and Family Planning Commission of the People's Republic of China. It is among the first batch of Class III-A grade hospitals in China and the first Class III-A grade hospital in Shaanxi Province, and one of the first batch of Top 100 Hospitals in China. Since its establishment in 1956, the Hospital, with its superior medical technology, practical research attitude and outstanding service quality, has undertaken medical care, education and scientific research. It has improved medical facilities and advanced equipment, and occupies a leading position in Northwestern areas in terms of medical technology and service level.

In 2014, the Hospital gave 2.12 million out-patient and emergency consultations, and over 100,300 patients received in-patient services and 32,000 surgeries were given. The Hospital has focused on the development of specialty departments, with prominent advantages in advanced technology application including liver transplantation, kidney transplantation, hematopoietic stem cell transplantation, coronary artery bypass surgery, closure, interventional therapy and minimally invasive surgery for congenital heart diseases, as well as in treatment for complex diseases including tumors, cardiovascular and cerebrovascular diseases, and metabolic diseases. The Hospital has been at the advanced level in China in terms of intensive care and disease index of difficulty.

Sectors: Daily News, Healthcare & Pharm