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Concord Medical Signs MOU with Shanghai New Hongqiao International Medical Center and GE Healthcare to Establish a Medical Imaging Diagnosis Center
Date:11/26/2013

BEIJING, Nov. 26, 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, today announced that it has signed a Memorandum of Understanding on Strategic Cooperation (" Strategic Cooperation MOU") with Shanghai New Hongqiao International Medical Center ("Shanghai NHQ") and GE Healthcare China ("GE") to establish an independent, high-end Medical Imaging Diagnosis Center.

Under the Strategic Cooperation MOU, CCM will collaborate with GE Healthcare China and Shanghai NHQ based on the "Public-private-partnership" or "PPP" (i.e., cooperation between government and non-state-owned participants) structure, in developing and managing the Medical Imaging Diagnosis Center within this new medical Center. The Center will provide shared imaging diagnosis services to the medical institutions located in Shanghai NHQ, introducing world-class diagnosis technology and management services concepts. Covering the Yangtze River Delta region, the most economic developed area in China and the entire country through remote tele-diagnosis platform, the Center will become the first independent, fully-licensed medical imaging diagnosis center in China not affiliated with a hospital.

Regarding the next steps to today's announcement, the three parties will jointly proceed with the related licensing and government approval, feasibility, financing and planning initiatives. The pre-construction phase is estimated to take 6-12 months.

Dr. Jianyu Yang, Chairman and CEO of Concord Medical, said, "Concord Medical has accumulated rich experience and a strong
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SOURCE Concord Medical Services Holdings Limited
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