Concord Medical Announces Cooperation with Macao Kiang Wu hospital

Rhea-AI Summary

Concord Medical Services Holdings Limited (NYSE: CCM) announced a strategic partnership with Macao Kiang Wu Hospital on August 26, 2020. The alliance aims to enhance cancer treatment, education, and research, particularly in proton radiation therapy, leveraging the strengths of both institutions. This collaboration aligns with the "Outline for the Development of Guangdong, Hong Kong and Macao Bay Area" issued by the PRC State Council. Concord Medical operates a network of advanced cancer hospitals and centers across China, focusing on multidisciplinary cancer care.

Positive

• Formation of a strategic cooperation framework with Macao Kiang Wu Hospital to enhance cancer treatment.
• Joint development of a multi-disciplinary consultation platform for proton radiation therapy.
• Alignment with national development strategies to improve healthcare services in the Guangdong-Hong Kong-Macao Bay Area.

Negative

• None.

BEIJING, Aug. 31, 2020 /PRNewswire/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), a healthcare provider specializing in cancer care, research and prevention by operating a network of medically advanced comprehensive cancer hospitals and standalone radiotherapy and diagnostic imaging centers in China, today announced its Guangzhou Concord Cancer Center entered into a strategic cooperation framework agreement with Macao Kiang Wu hospital ("Kiang Wu hospital") on August 26, 2020.

Guangzhou Concord Cancer Center and Macao Kiang Wu hospital ("Kiang Wu hospital") will jointly build a cancer specialist alliance and a multi-disciplinary consultation platform to promote cancer treatment, education, research and other fields of proton radiation therapy, based on the complementary clinical advantages of hospitals. This is also a progress in the implementation of the "Outline for the Development of Guangdong, Hong Kong and Macao Bay Area" issued by the PRC State Council.

Kiang Wu hospital is one of the three major hospitals in Macao with a long history. Dr. Sun Yat Sen worked as a volunteer doctor in the hospital in 1892. As a well-known hospital with more than one hundred years of experiences in serving international patients, Kiang Wu hospital is receiving more and more cancer patients in recent years, and its comprehensive cancer treatment business volume is increasing. It plays an important role for cancer prevention and treatment in the Macao Special Administrative Region.

About Concord Medical

Concord Medical Services Holdings Limited is a healthcare provider specializing in cancer care, research and prevention. The Company operates a network of medically advanced comprehensive cancer hospitals and standalone radiotherapy and diagnostic imaging centres in China. The Company focuses on providing multidisciplinary cancer care approach in all areas of oncology services in its cancer hospitals. The Company also equips its hospitals with technologically advanced equipment such as the state-of-the-art proton therapy system in its Beijing, Shanghai and Guangzhou cancer hospitals. As of June 30, 2020, the Company operated a network of 27 centers based in 20 hospitals, spanning over 20 cities across 13 provinces and administrative regions in China. To ensure the commitment to the highest level of clinical care for patients, the Company offers ongoing education and training for doctors and other medical professionals in its network hospitals and centres in both local and overseas medical institutions. For more information, please see http://ir.ccm.cn.

View original content:http://www.prnewswire.com/news-releases/concord-medical-announces-cooperation-with-macao-kiang-wu-hospital-301120938.html

SOURCE Concord Medical Services Holdings Limited

FAQ

What is the August 2020 announcement from Concord Medical about?

Concord Medical announced a strategic cooperation agreement with Macao Kiang Wu Hospital to enhance cancer treatment and research.

What is the purpose of the partnership between Concord Medical and Kiang Wu Hospital?

The partnership aims to build a cancer specialist alliance and a multi-disciplinary consultation platform for proton radiation therapy.

How does the Concord Medical and Kiang Wu Hospital agreement align with government initiatives?

The agreement supports the implementation of the 'Outline for the Development of Guangdong, Hong Kong and Macao Bay Area' issued by the PRC State Council.

What type of cancer care does Concord Medical focus on?

Concord Medical specializes in multidisciplinary cancer care through its network of advanced hospitals and imaging centers in China.

How many cancer centers does Concord Medical operate as of June 2020?

As of June 30, 2020, Concord Medical operates 27 centers in 20 hospitals across 13 provinces and administrative regions in China.