Concord Medical Signs MOU To Establish Medical Imaging Diagnosis Center In China

(RTTNews) - Concord Medical Services Holdings Limited (CCM), a specialty hospital management solution provider and operator of the largest network of radiotherapy and diagnostic imaging centers in China, announced that it has signed a Memorandum of Understanding on Strategic Cooperation with Shanghai New Hongqiao International Medical Center or "Shanghai NHQ" and GE Healthcare China to establish an independent, high-end Medical Imaging Diagnosis Center.

As per 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. 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.

The three parties will jointly proceed with the related licensing and government approval, feasibility, financing and planning initiatives. The pre-construction phase is estimated to take 6-12 months.