Navigation Links
Concord Medical Announces the Closing of Acquisition of Its Shares by CEO and COO from Other Shareholders

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

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

For more information, please contact:

Concord Medical Services

Mr. Adam J. Sun (Chinese and English)

Mr. Ting Jia (Chinese and English)
+86-10-5903-6688 (ext. 809)  

Ms. Gloria Huang (Chinese and English)
+86-10-5903-6688 (ext. 639)  

ICR Inc.

In China:
Ms. Rene Jiang

In the United States:
Mr. William Zima

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:
(Date:6/26/2016)... -- VMS Rehab Systems, Inc. ( ) reported today ... to build a strong and stable market for trading ... the OTC Markets-pink current trading platform. Explains ... seeing an anomaly in market trading activities that may ... Company, but shareholders and market players as well. I ...
(Date:6/24/2016)... FRANCISCO, Calif. , June 24, 2016 /PRNewswire/ ... ), a biopharmaceutical company developing novel therapeutics for ... unmet needs, today announced the closing of its ... of common stock, at the public offering price ... in the offering were offered by GBT. GBT ...
(Date:6/24/2016)... 24, 2016 The Academy of Managed Care ... that would allow biopharmaceutical companies to more easily ... make formulary and coverage decisions, a move that addresses ... medicines. The recommendations address restrictions in the ... the drug label, a prohibition that hinders decision makers ...
Breaking Medicine Technology:
(Date:6/25/2016)... , ... June 25, 2016 , ... ... and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as a ... area —Johnson is one of the first doctors to perform the treatment. Orthobiologics ...
(Date:6/25/2016)... ... 2016 , ... Conventional wisdom preaches the benefits of moderation, whether it’s a ... the bar too high can result in disappointment, perhaps even self-loathing. However, those who ... , Research from reveals that behind the tendency to set ...
(Date:6/24/2016)... Michigan (PRWEB) , ... June 24, 2016 , ... Those ... deal with these feelings, many turn to unhealthy avenues, such as drug or alcohol ... of Marne, Michigan, has released tools for healthy coping following a traumatic event. , ...
(Date:6/24/2016)... ... , ... Marcy was in a crisis. Her son James, eight, was out of control. Prone ... physically. , “When something upset him, he couldn’t control his emotions,” remembers Marcy. “If ... at my other children and say he was going to kill them. If we ...
(Date:6/24/2016)... , ... June 24, 2016 , ... Global law firm ... 2016 Legal Elite. The attorneys chosen by their peers for this recognition are considered ... Seven Greenberg Traurig Shareholders received special honors as members of this year’s Legal Elite ...
Breaking Medicine News(10 mins):