fosun pharma teams up with local public hospital in taizhou to explore a new business model of combining healthcare and rehabilitation
as an active player in china’s private healthcare industry, fosun pharma made its first attempt to cooperate with public hospitals to explore a new business model of “combining healthcare and rehabilitation”. according to fosun pharma’s announcement dated 5 august 2014, the company plans to establish taizhou zanyang medical care investment management company limited (“zanyang medical care”) with a capital contribution of over rmb680 million via shanghai yicheng hospital investment management company limited, a wholly-owned subsidiary of fosun pharma, and taizhou municipal investment company limited, a subsidiary of taizhou municipal hospital.
zanyang medical care will establish three subsidiaries, namely taizhou municipal zanyang hospital, taizhou zanyang rehabilitation centre and taizhou zanyang medical device company limited, with a view to establishing and operating tier-three class a regional healthcare institution and rehabilitation centre. in particular, taizhou municipal zanyang hospital and taizhou zanyang rehabilitation centre will operate as a healthcare institution and a rehabilitation centre, respectively, and taizhou zanyang medical device company limited will serve as a unified platform for purchasing medicine, medical devices and consumables for the abovementioned healthcare institution and rehabilitation centre. upon establishment, it is expected that a total of approximately 2,000 beds will be added, with approximately 1,200 beds at taizhou municipal zanyang hospital and approximately 800 beds at taizhou zanyang rehabilitation centre.
teaming up with a public hospital this time, fosun pharma will leverage the medical resources of taizhou municipal hospital and establish healthcare institutions and rehabilitation centres, covering the south-eastern region of zhejiang province. taizhou municipal hospital will facilitate the development of taizhou municipal zanyang hospital, when it comes to management, technology, talent, marketing and the like.
taizhou has a population of more than 6 million, ranked 3rd in zhejiang province and has serious deficiencies in healthcare resources given its economic development, population growth and healthcare demand. taizhou municipal hospital was established in 1952 and is a tier-three class b comprehensive public hospital combining healthcare, scientific research and teaching. covering 141 mu, zanyang hospital and rehabilitation centre will be established and located in jiaojiang district, downtown taizhou in the future, which will better satisfy the demand for healthcare and specialist rehabilitation in the region.