Word: joint
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Dates: during 2000-2009
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...started the publicly traded company 27 years ago to sell equipment like ultrasound machines to China's then generally ill-equipped public hospitals, says she first approached officials about a private-model health-care experiment in the early 1990s. The result was Beijing United Family Hospital and Clinics, a joint venture between Chindex and the Chinese Academy of Medical Sciences. Today Chindex runs two hospitals and five outpatient centers. Additional hospitals in Beijing and Guangzhou are set to open in 2010, and two more outpatient clinics will open this year...
...early entrant, Chindex was able to negotiate a 90% ownership interest in its Beijing hospital. In 2000, China officially permitted foreign companies to pursue hospital and clinic joint ventures but limited ownership to 70%. Sino-U.S. joint ventures share the marketplace with players such as Singapore-based Parkway Group Healthcare and Hong Kong--based Global HealthCare...
...ward at Richland International Hospital, a private facility in Kunming, Yunnan province, costs anywhere from $60 to $320 depending on whether patients choose standard or VIP care, according to Tommy Chu, director of China Health Management Corp., a Las Vegas--based company that entered a joint venture with Yunnan-based Richard Technology Co. in 2006 to build and run the hospital. That's three to 10 times the cost of a day in a public-hospital ward...
Shanghai East International Medical Center, a joint venture between the privately owned U.S. Health Management Enterprises of Los Angeles and China-based Shanghai East Hospital, caters to the city's Westerners, according to CEO Paul Workman. A study conducted by Hewitt Associates, a global human-resources-services company, revealed that 55% of companies plan to boost the number of expats they employ this year, a 2% increase over 2007. About 21% of China's expats are Westerners, whose private insurers and employers often pick...
...provide basic health care to all Chinese residents within the next 12 years. The initiative requires improving the country's vast network of public hospitals, a prospect on which Sunnylife Global Inc., a publicly traded company in West Covina, Calif., is staking its future. Sunnylife entered its first joint venture in 2003 to upgrade some of the country's public hospitals by providing everything from updated equipment to structural improvements. Dr. Bridget Cheng, who co-founded the company in 2000, envisioned bringing a Kaiser Permanente--style managed-care system to China. Sunnylife plans to upgrade hospitals in exchange...