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Concord Medical Reports Fourth Quarter and Full Year 2012 Financial Results
Date:3/20/2013

ately-owned general hospitals in China, and 19.98% of indirect ownership of The University of Texas MD Anderson Cancer Center Proton Therapy Center. Combined, these acquisitions have helped position Concord Medical as a leading provider of healthcare and cancer-related therapies across China."

"In 2012, our network business experienced steady growth, as revenues reached RMB 474.7 million, growing by 5.5% compared to 2011.  The CCM network now covers 53 cities in China. Our policy of cost control adapted in 2012 has taken effect by improving our profitability from the network business. In 2013, we will continue to implement the cost control policy and introduce Return on Investment (ROI) as a performance indicator for all CCM centers.  All these measures will create more value to our shareholders. 

Chang'an Hospital demonstrated great growth momentum in 2012, as the medical revenue grew by over 40% compared to 2011.  In July 2012, the Hospital announced that it had established strategic alliance with Fox Chase, a top oncology institution in the USA. In 2013, CCM will continue to strengthen Chang'an Hospital's oncology departments and develop it into a leader for cancer treatment. 

The Chinese government issued multiple new policies in 2012 to encourage private investment in the healthcare system," continued Dr. Yang.  "The expansion of the universal healthcare system will greatly increase the demand for the services of our network centers as well as Chang'an Hospital.  In 2013, we will commence construction on our first oncology specialty hospital, the CCM Huanan Cancer Hospital.  We are confident that CCM will leverage the favorable policy environment to meet the growing demand for high-quality, differentiated medical services and introduce the most advanced radiotherapy methods to cancer patients in China."

2012 Fourth Quarter Financial ResultsTotal net revenues were RMB222.7 million ($35.8 milli
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SOURCE Concord Medical Services Holdings Limited
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