bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Jane Li

Meinian Onehealth Healthcare Holdings, China’s largest medical examination centre operator, plans to open another 200 more centres in the country this year, adding to the more than 400 outlets it has nationally, the company’s founder and chairman Yu Rong said on Wednesday.
It also plans to expand its presence in Hong Kong.
“We will have some good news to announce very soon, within this year,” said Yu, without elaborating.
The Shenzhen-listed but Shanghai-based company has a market capitalisation of around 74 billion yuan (US$11.5 billion).
It provides general medical examinations, disease screening and services such as doctor referrals and traditional Chinese preventive health services to individual and corporate customers.
Hong Kong medical company takes advanced cancer screening technology to Shenzhen
According to Qianzhan Industrial Research Institute, the country’s preventive health care market is expected to generate 200 billion yuan in revenue this year, amid an ageing population.
It already has 158.31 million people aged over 65 – more than the population of Russia.
Founded in 2004, Meinian is among around 200 Chinese large caps to be included in MSCI’s major emerging-market indexes, a key index for global fund managers to decide where to invest, from June 1.
Shares in the company have ballooned 94.7 per cent since May 2017.
China’s huge market for senior care blessed with opportunities and challenges
Aware of the huge potential of China’s thriving future health care market, US buyout fund Carlyle Group, which manages around US$201 billion worth of assets, bought a 13.5 per cent stake in the company in 2012, while it is also backed by major Chinese insurers such as Pingan Insurance and China Taiping.

China’s preventive health care sector remains highly fragmented, but Meinian has traditionally competed head-to-head with two other major rivals: Beijing-based Ciming Health Checkup Management and iKang Healthcare Group.
The company bought Ciming last year, after it finally got the green light from Chinese regulators on a deal that had raised monopoly concerns.
Prevention is better than cure: China’s health care market poised for gains amid shifting values
It continues expanding largely through setting up joint ventures with foreign medical service providers.
Its latest move came on Wednesday, when it struck a deal with Australian medical equipment supplier Compumedics Limited, to launch a joint venture in the mainland in a deal worth HK$67 million (US$8.54 million).
It also signed an agreement with Switzerland-based health care giant Novartis’s China branch in early May, to explore opportunities in curing ophthalmology and central nervous system diseases.
The company reported a whopping 120.7 per cent growth in revenue to 1.2 billion yuan in the first quarter of this year, but net profit fell 7 per cent.
The company said this time of year is considered the off-season for the health examination industry in China.


‘Super-aged’ Singapore’s secret to growing old well? Stay busy

How new Hong Kong menopause support group aims to help women through difficult life stage

Ageing Southeast Asia fights fears of death to brave the inevitable

Medical insurance review a timely move for a sector under pressure

Ageing society

Meinian Onehealth plans to open 200 more medical examination centres in China this year, and expand in Hong Kong

Country’s largest examination centre operator is one of around 200 Chinese large caps to be included in MSCI’s major emerging-market index from June 1

epa06201774 A woman pushes an elderly man on a wheelchair, on a sidewalk in Central district, Hong Kong, China, 13 September 2017. Central is one of the 18 districts of Hong Kong. EPA-EFE/JEROME FAVRE

Meinian Onehealth Healthcare plans to open around 200 more new centres in the mainland this year. Photo: Shutterstock

Dementia care requires more than a nursing home approach, expert says, as Hong Kong faces rapidly ageing society

Dutch specialist says care centres are ‘dangerous’ and represent the opposite of what dementia patients need, which is to stay physically active

Dutch elderly care expert Freek calls nursing homes dangerous and advises that dementia patients stay physically active. Photo: Sam Tsang

More Hongkongers taking out medical insurance policies, survey finds

Industry experts say people in Hong Kong are forking out more for insurance premiums and their own medical bills because they prefer to get treatment in private wards, rather than day care centres. Photo: Nora Tam

Business

China Business

News

China

Lifestyle

Health & Wellness

Health

Country’s largest examination centre operator is one of around 200 Chinese large caps to be included in MSCI’s major emerging-market index from June 1


Wellness

Health in China

Hong Kong healthcare and hospitals

Meinian Onehealth plans to open 200 more medical examination centres in China this year, and expand in Hong Kong

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Country’s largest examination centre operator is one of around 200 Chinese large caps to be included in MSCI’s major emerging-market index from June 1

Country’s largest examination centre operator is one of around 200 Chinese large caps to be included in MSCI’s major emerging-market index from June 1