Reformed Putian hospitals to lock horns with multinationals
By Bloomberg | China Daily | Updated: 2015-10-09 08:28
In 2003, when Lin Yuming, a seller of medical equipment in Putian, Fujian province, watched expectant mothers in endless queues and delays at China's overburdened public hospitals, he spotted a business opportunity. He launched Harmonicare Medical Holdings, a chain of women's hospitals complete with pink decor and pianos in the foyer.
In July, now Beijing-based Harmonicare Medical was listed in a HK$1.6 billion ($206 million) public offering in Hong Kong and is ramping up its expansion.
Its 2014 revenue was 936 million yuan ($146 million).
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