Tahoe Investment Group made a critical step to high-end healthcare industry. An official signature of strategic cooperation agreement between Tahoe Investment Group and PHI (Partners HealthCare International) is made on May 25, at Tahoe Cathay Courtyard and both parties will jointly build a world-class international general hospital. Tahoe Group president, Huang Qisen, and PHI CEO, Dr. Gilbert Mudge, attend such strategic signing ceremony.

Representatives from both parties sign on the agreement

PHI will provide full assistance to Tahoe Hospital on the construction from strategic regulation and implementation, clinical project planning and staffing, and recruitment, etc. as directed by the strategic cooperation agreement. “We intend to combine the comprehensive demand of Chinese healthcare market and the culture, and build an internal hospital with Chinese characteristics.” Tahoe Investment states.

After the signing ceremony, both parties take a group photo to mark the occasion

It’s well known that Chinese healthcare market is facing many challenges, such as a lack of healthcare resources, diverse distribution of such resources among areas, and basic medical system yet to be improved, resulting in continuous decreasing of gross satisfaction scales. Meanwhile, China has become the world's second largest economy and with the growth of average personal income, citizens request more for health and the healthcare market shows huge demands.

Talks between Huang Qisen and Gilbert Mudge

Tahoe Investment Group and PHI jointly building the international hospital in Tongzhou is intended to provide highest world-class healthcare services and better medical environment and experiences for Chinese citizens. Engaged in healthcare industry is not only the long-term strategic step of Tahoe Investment, but also the reflection of social responsibilities of the major shareholder of Tahoe Group.

Tahoe Investment Group said, as PHI is a very professional international medical Institution, building a general hospital together with PHI in Tongzhou is a big step for Tahoe Investment Group marching towards the high-end healthcare industry. The hospital serves those different from the exiting general hospital. Additionally, Tongzhou was selected to be the site for the hospital is very potential which is the sole “sub-center” of Beijing announced officially and was taken as “Beijing-Tianjin-Hebei coordinated development bridgehead” in 2014, as well as the further location of Beijing Municipal Government. The determination of Tahoe Investment entering into the high-end healthcare industry is shown, whether from partner, service object, or site selection of hospital.

Both parties hold talks over the future cooperation

It is understood that Partners HealthCare, affiliate of PHI, cooperating with Tahoe Investment is jointly built by Massachusetts General Hospital (MGH) and Brigham and Women’s Hospital (BWH), with a number of medical technical resources, and a platform for Harvard medical system with a huge influence. Many hospitals in such system have been selected as one of the best hospitals by American authoritative media for consecutive years, where MGH has the most general strength in America.

Particularly, cooperating with PHI is not the first move made by Tahoe Investment Group in medical field as we have acquired Fujian Huitian Biological Pharmacy Co., Ltd. and Alliance HealthCare Services, Inc. (AIQ), of which Alliance is a leading provider of healthcare services in America, serving all hospitals and medical institutions in America.