Sina Finance: Harmonicare Medical Invests in Nantong Hemeijia

Author: Date:2017-07-13 11:35:18


Source: This piece of news was reprinted from Sina Finance Channel

On July 10, 2017, Harmonicare Medical entered into an agreement with Nantong Hemeijia Obstetrics & Gynecology Hospital (“Nantong Hemeijia”) in Beijing, under which Harmonicare Medical invested in Nantong Hemeijia, holding 51% shares therein. LIN Yuming, Chairman of the Board of Directors of Harmonicare Medical, etc. attended the signing ceremony, and REN Jinhui, Assistant to Chairman of the Board of Directors of Harmonicare Medical, and LIN Zhenhua, shareholder of Nantong Hemeijia, signed the contract on behalf of the parties thereto.

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Signing Ceremony of the Cooperation between Harmonicare Medical and Nantong Hemeijia

Signing Ceremony of the Cooperation between Harmonicare Medical and Nantong Hemeijia

REN Jinhui, Assistant to Chairman of the Board of Directors of Harmonicare Medical, said: “Harmonicare Medical, upon listing, has investigated a lot of maternity specialist hospitals, among which, Nantong Hemeijia has a lot of highlights and makes us satisfied. In respect of the location, Nantong is located in the Yangtze River Delta, which is China’s most economically developed area and a key area of Harmonicare Medical’s strategic investment. Boasting well-developed economy, Nantong achieved RMB 92,700 yuan per capita GDP in 2016, just a narrow gap with Beijing that had RMB 114,700 yuan per capita GDP. The citizens’ richness and the social development level are obvious. As for market potential, Nantong has permanent resident population of 7.3 million, of which the urban population is 4.7 million people, so it is a large/medium-sized city. The birth rate is 7.6 ‰ and annual additional population exceeds 55,000. In terms of hospital’s reputation, Hemeijia has been engaged in local operation for 10 years, attaches importance to medical serves and well received by the local customers. From the perspective of business concept, Harmonicare Medical is highly consistent with Nantong Hemeijia, because both of them are committed to the business cope of integrity and legal compliance, standardized operation, innovative development and customer-first, which is an important foundation for their smooth cooperation in the future.”

According to REN Jinhui, Nantong Hemeijia’s another highlight is the new hospital area with a construction area of 50,000 square meters under the construction preparation.

New Hospital Area with Construction Area of 50,000 Square Meters

According to the introduction made by Chairman of Nantong Hemeijia, Hemeijia Hospital has received more and more customers in recent years, and the beds are often fully occupied, so the 10,800 square meters’ hospital area has increasingly become the biggest bottleneck restricting the hospital’s development. To this end, Hemeijia Hospital has been seeking to build a new larger hospital area. In 2015, Hemeijia Hospital’s relocation was included by Nantong Municipal Government and the district government in the practical projects of accelerating social medical matters, and the approval and construction of new hospital land entered into the substantive stage of work.

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Design Sketch of the New Hospital Area of Nantong Hemeijia Hospital

As stated by the Chairman of Nantong Hemeijia, the new Hemeijia Hospital is located in Chongchuan District, Nantong, which is a superior location, and has construction area of 50,000 square meters and 400 beds. The main service target of the hospital is high-end customers. According to the plan, the new hospital construction will commence in this October and be completed in February 2021. After the project is completed, it will become a large AAA obstetrics and gynecology hospital in Nantong. In order to ensure the smooth construction of the new hospital area, the Chairman of Nantong Hemeijia has invited MIAO Xudong, Vice President of Nantong Medical Association and former President of the First People’s Hospital of Nantong, to serve as president of the new hospital.

Harmonicare Medical Accelerates Its Arrangement in the Yangtze River Delta

On July 7, 2015, Harmonicare Medical was successfully listed in Hong Kong, and the funds raised have mainly been used for construction and merger & acquisition of hospitals. In the past two years since listing, Harmonicare Medical has made three significant investments, i.e. the establishment of Wuxi Harmonicare Women and Children Hospital in cooperation with Shanghai Medea Hospital Investment Group in October 2016, the acquisition of 95% shares in Heilongjiang Harmonicare Obstetrics & Gynecology Hospital in December 2016 and the acquisition of 51% shares in Nantong Hemeijia in July 2017.

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Distribution Diagram of Hospitals Invested by Harmonicare Medical in the Yangtze River Delta

It can be seen from the existing investment area that Harmonicare Medical has the focus of investment layout in the Yangtze River Delta. Along the Yangtze River, Nantong Hemeijia and Wuxi Harmonicare have formed the advantage of a horn one the left and right banks, allowing the preemptive opportunity in China’s most economically developed area where the richest people live. In the future, Harmonicare Medical will make more investments in in the Yangtze River Delta region. It is worthy of the wait.

Extended Reading: Nantong Hemeijia

Founded in 2007, Nantong Hemeijia Obstetrics & Gynecology Hospital (“Nantong Hemeijia”) has registered capital of RMB 20 million yuan and is located at No. 8 Qiaoyuan Road, Nantong. With construction area of 10080 square meters and 80 beds available, it is a AA specialized hospital mainly engaged in obstetrics and gynecology, neonatology, internal medicine and surgery. The hospital has more than 200 medical workers, 74 of whom were granted intermediate or senior title.

Nantong Hemeijia is Nantong municipal health insurance unit, rural health insurance unit and maternity insurance unit, and the cooperative hospital of Affiliated Hospital to Nantong University, The First People’s Hospital of Nantong and Nantong Maternal and Child Health Hospital. In 2015, it was rated as “Baby-friendly Hospital” by the National Health and Family Planning Commission, granted the title at national level.

The new hospital area of Nantong Hemeijia will commence the construction in the second half of 2017. The new hospital will have construction area of 50,000 square meters, offer 400 hospital beds, and be positioned to provide services for high-end customers. In addition to obstetrics, gynecology and other departments, there will also be the postpartum recovery center and confinement service club, etc.