Navigation Links
Concord Medical Announces the Closing of Acquisition of Its Shares by CEO and COO from Other Shareholders
Date:12/6/2013

BEIJING, Dec. 6, 2013 /PRNewswire/ -- Concord Medical Services Holdings Limited ("Concord Medical" or the "Company") (NYSE: CCM), a leading specialty hospital management solution provider and operator of the largest network of radiotherapy and diagnostic imaging centers in China and the parent of Chang'an Hospital, today announced that it has been informed that Mr. Jianyu Yang, the Company's Chairman and CEO, and Mr. Zheng Cheng, the Company's director, President and COO, have closed the transaction through which they have acquired ordinary shares and American depositary shares of the Company from certain other shareholders, pursuant to share purchase agreements (the "Share Purchase Agreements") entered into on August 15, 2013 and a share purchase agreement entered into on November 20, 2013. 

The Company understands that Mr. Yang and Mr. Cheng have established a company under the laws of the British Virgin Islands as the purchaser and caused the purchaser to acquire an aggregate of 37,681,708 ordinary shares and 4,660,976 American depository shares, each representing three ordinary shares of the Company, from certain shareholders of the Company at a purchase price of US$6.10 per American depositary share and for a total consideration of US$105,051,427. The aggregate beneficial ownership of Mr. Yang and Mr. Cheng in the Company following the acquisition has increased to approximately 44.2%.

Mr. Yang and Mr. Cheng have jointly filed an amendment to Schedule 13D today with the SEC which can be accessed via www.sec.gov.

About Concord Medical

Concord Medical Services Holdings Limited operates the largest network of radiotherapy and diagnostic imaging centers in China, measured by revenues and the number of centers in operation and is the parent of Chang'an Hospital. As of September 30, 2013, the Company operated a network of 144 centers with 78 hospital partners that spanned 55 cities and 24 provinces and administrative regions in China. Under long-term arrangements with top-tier hospitals in China, Concord Medical provides radiotherapy and diagnostic imaging equipment and manages the daily operations of these centers, which are located on the premises of its hospital partners. The Company also provides ongoing training to doctors and other medical professionals in its network of centers to ensure a high level of clinical care for patients. For more information, please see http://ir.concordmedical.com.

For more information, please contact:

Concord Medical Services

Mr. Adam J. Sun (Chinese and English)
+86-10-5957-5266
adam.sun@concordmedical.com  

Mr. Ting Jia (Chinese and English)
+86-10-5903-6688 (ext. 809)
ting.jia@concordmedical.com  

Ms. Gloria Huang (Chinese and English)
+86-10-5903-6688 (ext. 639)
gloria.huang@concordmedical.com  

ICR Inc.

In China:
Ms. Rene Jiang
+86-10-6583-7521
rene.jiang@icrinc.com  

In the United States:
Mr. William Zima
+1-203-682-8233
William.Zima@icrinc.com  


'/>"/>
SOURCE Concord Medical Services Holdings Limited
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Concord Medical Signs MOU with Shanghai New Hongqiao International Medical Center and GE Healthcare to Establish a Medical Imaging Diagnosis Center
2. Concord Medical Reports Third Quarter 2013 Financial Results and Reiterates Financial Year Guidance Forecast
3. Concord Medical to Report Third Quarter 2013 Financial Results on November 12, 2013
4. Concord Medical Announces Acquisition of Its Shares by CEO and COO from Other Shareholders
5. Concord Medical Reports Second Quarter 2013 Financial Results
6. Concord Medical to Report Second Quarter 2013 Financial Results on Aug 12, 2013
7. Concord Medical Announces Launch of Mobile Health Application
8. Concord Medical Reports First Quarter 2013 Financial Results
9. Concord Medical Announces the Signing of US$50 Million IFC Loan Agreement
10. Concord Medical to Report First Quarter 2013 Financial Results on May 21, 2013
11. Concord Medical Files 2012 Annual Report on Form 20-F with U.S. Securities and Exchange Commission
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/8/2016)... , Dec. 8, 2016  Diplomat Pharmacy, Inc. (NYSE: DPLO) has ... 2016 Top Workplaces National Standard. To learn ... ... (PRNewsFoto/Diplomat Pharmacy, Inc.) ... an employee survey administered by WorkplaceDynamics, LLC, a research firm specializing ...
(Date:12/8/2016)... 8 de dezembro de 2016  A Mederi Therapeutics Inc . anunciou ... tratamento não cirúrgico para a doença do refluxo gastroesofágico (DRGE). Foto ... ... Live Stretta procedure performed and broadcast during the ... Wuhan Union Hospital ...
(Date:12/8/2016)... DANVILLE, Pa. , Dec. 8, 2016  A ... physicians reports that the use of opioid therapy to ... actually increase the likelihood of more harmful consequences, including ... Davis , M.D., and Zankhana Mehta , M.D., ... current research on chronic opioid therapy. The study was ...
Breaking Medicine Technology:
(Date:12/8/2016)... ... December 08, 2016 , ... CURE Media Group, the nation’s leading ... has aligned with Upstage Lung Cancer in efforts to combat lung cancer, announced CURE ... Hennessy, Jr said, “CURE Media Group is honored to team up with Upstage Lung ...
(Date:12/8/2016)... , ... December 08, 2016 ... ... Suite 10.2 version gives development continuity to its innovative Unified Instance Manager ... management capacity. In addition, this new version optimizes the unattended auto-dialing system ...
(Date:12/8/2016)... ... December 08, 2016 , ... Today’s patients are encouraged to ... mind, SIGVARIS has created a new line of anti-embolism stockings to help prevent ... the benefits of graduated compression when transitioning from recovery to early rehabilitation. , ...
(Date:12/8/2016)... ... December 08, 2016 , ... ... from offices headquartered in Jefferson County, is announcing the launch of a charity ... , The number of homeless women and children in Birmingham has grown steadily ...
(Date:12/8/2016)... ... December 08, 2016 , ... Bill Mull Agencies, a Wichita-based ... and around central Kansas, is joining the Youth Horizons organization for a charity ... Headquartered in Wichita, Youth Horizons works to empower area children from unstable, troubled, ...
Breaking Medicine News(10 mins):