[FOR IMMEDIATE RELEASE]
Co-operation between Union Medical Healthcare and Tencent Doctorwork
Jointly develop IT System
(21 August 2018, Hong Kong) Union Medical Healthcare Limited ("UMH" 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 entered into an agreement with Tencent Doctorwork, to jointly establish primary care clinics in Hong Kong and co-invest and develop IT system to connect medical services across the PRC and Hong Kong such as onshore consultation delivered by offshore registered practitioners.
Tencent Doctorwork and UMH shall hold as to 55% and 45% of the jointly invested company respectively and it is expected to operate 20 clinics. The current initial capital investment is expected to be no less than HK$10 million, with 2 clinics to be in operation by the end of 2018.
Mr. Wang Shirui, founder and Chief Executive Officer of Tencent Doctorwork said, "The strategic partnership with UMH marked our debut in Hong Kong, as the first step to go global. We look forward to leverage on the UMH's competitive edge to offer top notch customers experience and aim to bring the best medical services to satisfy the unparallel demand of quality medical services, in particular in the PRC."
Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of Union Medical Healthcare, said, "We are pleased to ascertaining the co-investment in developing medical management IT system with Tencent Doctorwork. Registered Hong Kong Registered Practitioners will be able to offer online consultation via this system. We are to innovate the consultation mode, enhance the preventive and precision medical services by leveraging on IT management and AI technology, and transform the pattern of medical industry. The Group aspires to become the leader in the medical industry in Asia."
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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 54 clinics and servicing centres with an aggregate service floor area of 240,000 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
21/08/2018 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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