More China Public Hospitals Seek Private Funds
This article was originally published in PharmAsia News
Executive Summary
Beijing Shuntiande TCM Hospital, which comes under the State Administration of Traditional Chinese Medicine, recently listed on the China Beijing Equity Exchange, transferring 99 percent of its equity. The event shows public hospitals are gradually opening up to community funding. An official involved in the project revealed that many domestic and foreign companies have shown an interest as such an option is scarce relative to other projects. Currently, a few public hospitals are moving toward market-oriented development. For instance, Number One People's Hospital and Children's Hospital in Kunming are inviting investors for their respective new construction projects, which will adopt a joint stock system. Analysts believe that China's health care market needs a diversified medical treatment model that combines public welfare, community service and business. (Click here for more - Chinese Language)