News Room
Hong Kong, 15 February 2023 – UMP Healthcare Holdings Limited (“UMP Healthcare”, Stock Code: 722) and Human Health Holdings Limited (“Human Health”, Stock Code: 1419) are pleased to jointly
announce today that, the two companies have entered into a Strategic Cooperation Agreement to cooperate in developing a holistic ecosystem that provides comprehensive healthcare services in Hong Kong and Macau. As the first tactic move, Human Health will invest about HK$11.6 million in a new imaging and laboratory centre managed by UMP Healthcare at Tsim Sha Tsui.
The new integrated imaging and laboratory centre (tentatively “ProCare TST Imaging Centre” or“Centre”) is an indirect non-wholly owned subsidiary of UMP Healthcare located at 2/F, 26 Nathan Road, Tsim Sha Tsui. The total gross initial investment in the ProCare TST Imaging Centre is about HK$58.0 million. Actwise Limited, an indirect wholly-owned subsidiary of Human Health, agrees to invest about HK$11.6 million, and shall hold 20% of the issued shares in the ProCare TST Imaging Centre. Another shareholder of the Centre, Pedder Healthcare Group, will invest approximately HK$14.5 million. With a gross service area of over 6,000 sq. ft., the new centre will be managed by UMP Healthcare and is expected to commence operations in March 2023, offering comprehensive imaging and laboratory services, including MRI, CT scan, ultrasound and more.
Dr. Michael SUN, Vice Chairman & Co-CEO of UMP Healthcare, said, “As mentioned by the HKSAR Government in the Policy Address, demand for primary healthcare services is increasing by an ageing
population. Private medical services have enormous potential expansion with specialties, advanced medical imaging, laboratory, and other ancillary medical services. Our strategic alliance with Human Health can complement the public healthcare system by combining our professional experience in specialties and imaging services with the extensive medical centre network of Human Health. I believe our collaboration will bring social contributions as well as mutual benefits for the two large listed healthcare groups and our investors. The Group is looking forward to intensifying our cooperation with Human Health in a later stage.”
Mr. POON Chun Pong, Executive Director and Chief Operating Officer of Human Health, added,“We are glad to form a strategic partnership with UMP Healthcare. Since the pandemic, we have seen
more attentive social sentiment to physical health, and the demand for more comprehensive medical services is rising. I am confident that the collaboration will leverage the resources, networks and
professional talents of both parties, create synergistic effects in our clinical network and offer patients timely and diversified medical services. In addition, the growth prospects of the diagnostic medical
imaging market are promising. Investing in the ProCare TST Imaging Centre would further enhance the effectiveness and efficiency of our medical services for people in Hong Kong.”
The signing ceremony was held and witnessed by UMP Healthcare and Human Health representatives today. Both listed groups expect a gradual resumption of cross-border travel as China reopen outbound
tourism and local COVID-related restrictions ease this year. The new ProCare TST Imaging Centre is set to deliver premium services to locals and visitors from the Greater Bay Area and neighbouring regions.
About UMP Healthcare Holdings Limited
www.ump.com.hk
Founded in 1990, UMP Healthcare is a medical group listed on the main board of the Hong Kong Stock Exchange (stock code 722.HK) and is one of the leading comprehensive healthcare service platforms in the Hong Kong market. We have been committed "To provide comprehensive, diversified and coordinated care for everyone" by creating a network of high-quality and effective medical services for
patients, payers, providers and partners.
Along with providing healthcare services that address a wide range of individual needs, UMP Healthcare closely works with more than 2,000 local and international businesses and insurance organizations to establish and administer corporate healthcare benefit programs for members. The medical service network spans over 1,000 self-owned and affiliated institutions across Hong Kong, Macau, and Mainland China, offering services such as family medicine, specialist consultation, dental care, diagnostic imaging and laboratory testing, preventive medicine and health examination, physical therapy, day surgery, and endoscopy, among others.
About Human Health Holdings Limited
www.humanhealth.com.hk
Human Health has been providing healthcare services to the Hong Kong community since 1997. Listed in Hong Kong Stock Exchange (HKEX Stock Code: 1419), with comprehensive and strategic medical centre network and more than 1,900 professional team members and staff to provide one-stop healthcare services to the public. With an aim to “Elevate Your Health Values, Elevate Your Life”, Human Health has established an extensive general practice, specialties, dental, physiotherapy, diagnostics and imaging, day procedure and endoscopy, medical aesthetic, Chinese medicine and wellness services network to provide professional and person-centric care medical and wellness services in Hong Kong.
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Human Health Holdings Limited / China Times Corporate Advisory Limited
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May Cheng
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