Tahoe Investment moves another step in the field of medical and health. On May 25th, the Tahoe Investment Group, as a major shareholder of Tahoe Group, officially signed a strategic cooperation agreement with the PHI (Partners HealthCareInternational). The two parties will cooperate to build a world-class comprehensive hospital in Beijing.

It is worth mentioning that this is not the first time for Tahoe Investment Group to march towards the medical field. Previously, Tahoe Investment Group had acquired Fujian Huitian Bio-Pharmaceutical Company and Alliance HealthCare Services, Inc., a US listed company. So, why Tahoe Investment Group performs frequent activities in the field of medical health?

Tahoe Investment signed a strategic cooperation agreement with the PHI

Medical health is an important part of the diversified layout of Tahoe

In October, 2015, the day when Tahoe Group signed a cooperation agreement with Beijing Science Park Development Group in Zhongguancun, Huang Qisen, the chairman of Tahoe Group, broke the established agenda and made an impromptu speech, which surprised the onsite media. He said that in addition to the field of real estate layout, “Tahoe also makes differences in the financial, the medical and health fields, which we hope will become new profit growth points of Tahoe in the next five and ten years.” This time, signing a strategic cooperation agreement with the PHI is another major move of Tahoe diversification in the medical and health field.

Huang Qisen’s meeting with the PHI CEO and president

On March 29th of this year, Tahoe Investment Group completed the acquisition of 51.5% share of Alliance Healthcare Services, and became a controlling shareholder of the US listed medical enterprise. Alliance is the leading supplier of American out-sourcing medical and health services, serving hospitals and medical institutions throughout the US. After Tahoe Investment Group became a controlling shareholder of Alliance, in addition to helping consolidating its position in the US healthcare market, it will also help the company to march towards the Chinese medical field and bring excellent radiation and cancer treatment services to China, which provides Chinese patients with international leading medical service and improves the medical level of China.

Huang Qisen said, “Tahoe hopes to provide the owners in the future with the whole industry chain closed-loop service of eating, drinking, entertainment, clothing, food, housing, transportation, birth, senility, medical and funeral. “Yes, this is the ambition of Tahoe. With the real estate industry as the main business, driven by the fields of finance, medical and health, culture, etc., the diversified development of Tahoe is constantly giving out force and advancing side by side.

Committed to providing Chinese people with better medical service

The earlier acquisition of Huitian Bio-Pharmaceutical Company, the controlling investment to the US Alliance, and the strategic cooperation agreement signed with the PHI, all demonstrating that Tahoe Investment Group increases its investment in medical services, are all aiming at providing Chinese people with a better quality of medical service, environment and experience. This is also an important manifestation of Tahoe performing corporate social responsibility.

The official website homepage of the Alliance HealthCare Services, Inc.

At present, the medical market of China is facing many challenges, such as the shortage of medical resources, uneven distribution of resources among different regions, the imperfect basic medical system and other problems, which results in the overall satisfaction of patients declining continuously. 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. So to speak, a big gap exists in our medical resources and needs, let alone the ability of providing world-class medical service of the top level.

The official website homepage of Fujian Huitian Bio-Pharmaceutical Company

Tahoe Investment Group joins hands with the PHI to build international hospitals in Beijing, to march towards the high-end medical industry, with a very important reason, which is to provide Chinese people with better medical environment and experience. It is said that, as the international business development department of the Partners Health Care System (PHS) and a highly specialized international healthcare organization, the PHI is dedicated to advancing the mission of the PHS through partnerships and to providing high-quality medical services around the world, in order to narrow the gap between the medical science and the clinical treatment of patients.

Tahoe Investment Group negotiated with the PHI on the future cooperation

The strategic agreement signed with the PHI is an important step for Tahoe Investment Group towards the medical industry, and also an important part of its marching towards the high-end medical service. So to speak, entering the health and medical industry is not only a long-term strategy of Tahoe Investment Group, but also a major reflection of its social responsibility as a major shareholder of Tahoe Group.