News: Concord Medical Services Hldg Ltd (ADR)(NYSE:CCM) belongs to Healthcare sector and Hospitals industry. Concord Medical Services Holdings Limited (“Concord Medical” or the “Organization”) (NYSE: CCM), a main forte clinic organization arrangement supplier and administrator of the main system of radiotherapy and indicative imaging focuses in China, proclaimed that it has set up a human services subsidize with Zhongrong International Trust Co., Ltd. (“ZRT”).
The Company consented to a structure arrangement with ZRT to set up Zhongrong Taihe Healthcare Fund in October 2016. The aggregate sum of the store is RMB1.003 billion (US$150.229 million). General accomplices of the reserve are Beijing Concord Medical Technology Ltd, an accomplice of Concord Medical, and Zhongrong Guofu Investment Administration Co., Ltd, an accomplice of ZRT. ZRT is a budgetary organization affirmed by the China Banking Regulatory Commission. ZRT’s venture covers land area, securities, mechanical and business endeavors, foundation division, and has differentiated exchange models, for example, value speculation, put stock in credits, value wage and property organization.
China has a gigantic market for tumor analysis and treatment. In 2015, the quantity of new malignancy cases in China was 4.29 million, and 2.81 million patients passed on of diseases. The Company trusts the foundation of the store will give solid capital support to the advancement of the Company and cement the Company’s driving position in the tumor analysis and treatment field in China.
Summary: Concord Medical Services Holdings Limited is a main claim to fame healing center organization arrangement supplier and administrator of the main system of radiotherapy and indicative imaging focuses in China. As of June 30, 2016, the Company worked a system of 123 focuses with 73 clinic accomplices that traversed 52 urban areas and 25 regions and managerial districts in China. Under long haul courses of action with top-level doctor’s facilities in China, the Company gives radiotherapy and demonstrative imaging gear and deals with the every day operations of these focuses, which are situated on the premises of its healing center accomplices. The Company likewise gives continuous preparing to specialists and other therapeutic experts in its system of focuses to guarantee an abnormal state of clinical watch over patients. As a feature of its top of the line tumor healing center improvement methodology and oversea business augmentation, the Company achieved Concord Cancer Hospital, a private clinic in Singapore in April, 2015.