Concord Medical to Establish a Medical Imaging Diagnosis Center in Shanghai

Concord Medical Services Holdings Limited

today announced that it has signed a Memorandum of Understanding on Strategic Cooperation with Shanghai New Hongqiao International Medical Center ("Shanghai NHQ") and GE Healthcare China ("GE") to establish an independent, high-end Medical Imaging Diagnosis Center. Under the Strategic Cooperation MOU, CCM will collaborate with GE Healthcare China and Shanghai NHQ based on the "Public-private-partnership" or "PPP" (i.e., cooperation between government and non-state-owned participants) structure, in developing and managing the Medical Imaging Diagnosis Center within this new medical Center. The Center will provide shared imaging diagnosis services to the medical institutions located in Shanghai NHQ, introducing world-class diagnosis technology and management services concepts. Covering the Yangtze River Delta region, the most economic developed area in China and the entire country through remote tele-diagnosis platform, the Center will become the first independent, fully-licensed medical imaging diagnosis center in China not affiliated with a hospital. Regarding the next steps to today's announcement, the three parties will jointly proceed with the related licensing and