Concord Medical Announces Obtaining Large Medical Equipment Procurement License for Its Proton Therapy Equipment
Rhea-AI Summary
Concord Medical Services Holdings (NYSE: CCM) has announced that its subsidiary, Guangzhou Concord Cancer Center, has obtained a large medical equipment procurement license for its proton therapy equipment. This development follows the completion of equipment installation in September 2020 and the commencement of clinical trials in November 2022. The license, granted by the National Health Commission of the PRC on September 14, 2024, allows Guangzhou Hospital to offer proton therapy treatment services.
Additionally, Concord Healthcare Group Co., , a subsidiary of Concord Medical listed on the Hong Kong Stock Exchange (2453.HK), made a similar announcement on September 15, 2024. This news marks a significant step for Concord Medical in expanding its cancer treatment services in China.
Positive
- Obtained large medical equipment procurement license for proton therapy equipment
- Proton therapy treatment services to be offered soon at Guangzhou Concord Cancer Center
- Successful completion of equipment installation and clinical trials
Negative
- None.
News Market Reaction – CCM
On the day this news was published, CCM gained 11.83%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
As previously disclosed in the Company's annual report for the fiscal year ended December 31, 2023, Guangzhou Hospital has completed the installment of the proton equipment in September 2020 and commenced its clinical trial in November 2022. Guangzhou Hospital has also subsequently submitted the application for the License for such proton equipment, planning to offer proton therapy treatment services at its proton center. On September 14, 2024, the National Health Commission of the PRC announced to grant approval to Guangzhou Hospital's application for the License. Guangzhou Hospital plans to start its proton therapy treatment services at its earliest convenience after necessary preparations.
Concord Healthcare Group Co., Ltd. ("Concord Healthcare"), a subsidiary of the Company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "HKSE") under the stock code 2453.HK, also announced on September 15, 2024 that Guangzhou Hospital had obtained the License. The Company previously announced the listing of Concord Healthcare's H shares on the HKSE on January 9, 2024. The information related to Concord Healthcare's Transactions on the HKSE is accessible through the HKSE's website at www.hkexnews.hk.
About Concord Medical
Concord Medical Services Holdings Limited is a healthcare provider featuring a full cycle of premium oncology services including cancer diagnosis, treatment, education and prevention. The Company focuses on providing multidisciplinary cancer care in all aspects of oncology healthcare services in its cancer hospitals and equipping them with technologically advanced equipment such as the state-of-the-art proton therapy system. The Company is striving to improve the quality and accessibility of cancer care through its network of self-owned cancer hospitals and clinics as well as partnered hospitals across
About Concord Healthcare
Concord Healthcare is an oncology healthcare provider in
Safe Harbor Statement
This announcement contains forward-looking statements. These forward-looking statements can be identified by words or phrases such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar expressions. Forward-looking statements are inherently subject to uncertainties and contingencies beyond the Company's control and based upon premises with respect to future business decisions, which are subject to change. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. The Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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SOURCE Concord Medical Services Holdings Limited
FAQ
What license did Concord Medical (CCM) obtain for its proton therapy equipment?
When did Guangzhou Concord Cancer Center complete the installation of its proton equipment?
When did Guangzhou Concord Cancer Center start clinical trials for its proton therapy?
When was Concord Medical's (CCM) proton therapy equipment license approved?
