Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS-News / 17/05/2018 / 07:00 UTC+8
*[FOR IMMEDIATE RELEASE]
/
Strategic Collaboration between Union Medical Healthcare and Tencent
Doctorwork Establishment of Clinics in Hong Kong and Introducing Closed-loop
System for Intelligent Clinics*
(16 May 2018, Hong Kong) *Union Medical Healthcare Limited* ("Union Medical
Healthcare" or the "Company", together with its subsidiaries, the "Group",
SEHK stock code: 2138), a leading integrated medical group in Hong Kong, is
pleased to announce that the Group has signed a strategic collaboration
agreement with Tencent Doctorwork, a subsidiary of Tencent Holdings Limited
(SEHK stock code: 700), to jointly establish a number of clinics and to
introduce Tencent Doctorwork's closed-loop system for intelligent clinics in
Hong Kong. The collaboration marks a major stride in combining mainland
China's "internet+ family doctor service" (????+???????????) and the
renowned international standing of Hong Kong's healthcare system.
Tencent Doctorwork is a digital health service enterprise that develops both
the conventional medical care business at brick-and-mortar clinics and the
online medical care on the internet. Through the partnership, the Group and
Tencent Doctorwork will complement each other with their respective
competitive advantages. Aspects in this collaboration range from family
doctor service and healthcare, preventive/ rehabilitation medicine, elderly
home care, travel medical care, health station service under the brand
"????", establishment of an information technology system for healthcare
management for a community, brand licensing, consultation and medical
referral services between overseas and domestic markets in response to
industry trends.
Pursuant to the Agreement, Tencent Doctorwork will supply to the Group its
comprehensive medical management system, medical management cloud service
system, health management IT system and authorization of brand usage,
procurement deployment and supply chain, family doctor service standards,
national medical flight rescue, anti-aging (age management center),
commercial insurance business, self-served inspection technology and
hardware solutions. The co-operation will be utilising medical artificial
intelligence as a foundation, covering priority services and onshore
consultation delivered by offshore registered practitioners.
Mr. Li Xingyu, Vice President of Tencent Doctorwork said, "The strategic
partnership with Union Medical Healthcare marked our debut in Hong Kong. We
aim to bring better medical services to Hong Kong citizens. We also see a
bright outlook for medical tourism market in Hong Kong. In order to meet
medical need of tourists visiting Hong Kong, Tencent Doctorwork will offer
intelligent medical services, standardized management and customer
experience marked by efficiency, thus combining healthcare, medical service
and tourism. In the foreseeable future, China's tourism industry will be
transformed and upgraded at a faster pace, and medical tourism will develop
into an even more significant industry. Tencent Doctorwork will leverage the
advantages and strengths of Union Medical Healthcare such as the latter's
ability to enjoy the government's certain favourable policy, its
geographical location, clinics and medical service centres, and one-stop
medical solutions so as to provide service to Hong Kong citizens. It will
also offer mainland clients more convenient access to premium medical
resources in Hong Kong."
*Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of
Union Medical Healthcare*, said, "We are pleased to establish strategic
collaboration with Tencent Doctorwork. China has attached great importance
to the development of the Guangdong-Hong Kong-Macao Bay Area, which will
showcase an innovative way to drive regional development. Hong Kong will be
the hub of a core financial zone that covers the Guangdong-Hong Kong-Macao
Bay Area. Moreover, the rigid demand for medical services in the region
within the 'one-hour-drive radius" of Hong Kong has increased significantly.
Union Medical Healthcare has been providing its services efficiently through
its standardized management, professional medical team and clinic network.
It also has outstanding capacity to provide medical services for tourists.
This, coupled with the top-notch intelligent technology and ample resources
of Tencent Doctorwork, will enable the Group to tap the potential for
business growth as a result of the organic combination of healthcare and
medical industry with tourism industry. The Group aspires to become the
leader in the medical industry in Asia."
- End -
*About Tencent Doctorwork*
Tencent Doctorwork is an internet and medical platform jointly funded by
Tencent, Medlinker and Sequoia Capital China, offering quality, safe and
comprehensive health management services for individuals and their families.
Currently, Tencent Doctorwork has established three clinics in Beijing,
Chengdu and Shenzhen, and is expecting to establish 300 clinics under its
direct operations in the next three years, connecting to 3,000 associated
clinics with 30,000 self-serve health monitors.
*About Union Medical Healthcare Limited*
Union Medical Healthcare is principally engaged in the provision of one-stop
medical and health care services in the Greater China via its 53 clinics and
servicing centres with an aggregate service floor area of 200,000 sq. ft.
The Group provides a full range of services and products under our
well-recognised brands, including those of its one-stop aesthetic medical
solutions provider DR REBORN, chiropractic services centre SPINE Central,
health management and vaccination centre re:HEALTH and comprehensive dental
centre UMH DENTAL CARE. The Group is the largest aesthetic medical service
provider in Hong Kong in terms of revenue and obtained the Hong Kong Top
Service Brand in 2016.
*For further information, please contact:
iPR Ogilvy & Mather*
Callis Lau / Molisa Lau / Maggie Chui / Francesca Yeung
Tel: (852) 2136 6952 / 2136 6953 / 2136 8059 / 3920 7639
Fax: (852) 3170 6606
Email: umh@iprogilvy.com
17/05/2018 Dissemination of a Financial Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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(END) Dow Jones Newswires
May 16, 2018 19:00 ET (23:00 GMT)
