Ping An Good Doctor, UMP and Zheng He Announce Strategic Cooperation Building Online and Offline Family Doctor Service Network

November 09, 2018 - 03:30
Ping An Good Doctor, UMP and Zheng He Announce Strategic Cooperation Building Online and Offline Family Doctor Service Network

HONG KONG, CHINA - MediaOutReach  - 9 November 2018 - PingAn GoodDoctor (the"Company", stock code: 1833.HK), UMP Healthcare Holdings Limited ("UMP", stock code: 722.HK) and Zheng He Health and Medical Resources Limited ("Zheng He")today announced their strategic cooperation. Thethree parties will make full useof their respective advantages and resources to jointly build anonline andoffline family doctor services network andrealize theshared vision of "providing each family with a trusted family doctor". This cooperation also aims to help the government to achieve the goal of promoting and developing family doctor services across China.

 

According to the strategic cooperation agreement, Ping AnGood Doctor, UMP andZheng Hewill carry out in-depth cooperation onvarious aspects, such asimproving themedical service capacity andcapability ofonline andoffline doctors, perfecting theclosed loopof online and offline medical services, expanding theoffline clinic network, optimizing and improving the "GOLD Training Plan" to provide better, more personalized andefficient services for bothdoctors andusers.

 

In terms of improving the medical service capacity and capability, UMP willprovide training to thePing AnGood Doctor medical teamunder theGeneral Practice Oriented Learning and Development Training Program ("GOLD Training Programme"), further improving theconsultation skills and clinical technology ofdoctors, andproviding a large number of online users with medical health consultation services which are of higher quality and in line with international standards. In the future, doctors who have been through the medical training and passed the "GOLD Training Program" will be able to provide efficient and high-quality telemedicine consultation services on the platform to meet the growing demand of online consultations.

 

In the meantime, PingAn GoodDoctor andUMP willimprove theclosed loopof online and offline medical services through thesharing ofmedical resources. Ping AnGood Doctor is a leading one-stop healthcare ecosystem platform in China, while UMP has a networkof more than 600 family doctors/general practitioners clinics across China. The two parties will jointly provide users with high quality online and offline medical services.

 

In the future, online users ofPing AnGood Doctor will beable toenjoy quality face-to-face offline primary careservices through UMP's owned and managed clinics (including public community health centers) located across Beijing, Shanghai and theGreater BayArea (including Hong Kong); Ping AnGood Doctor's global leading mobile medical technology willalso enable users ofUMP's offline medical centers and clinics to manage their health and booking before theconsultation andalso engage such users for follow up after the consultation through their mobile phone, helping allthree parties to expand and engage more newonline andoffline users.

 

In terms of expanding the network of offline clinics, PingAn GoodDoctor andUMP willwork closely with various regional governments to establish more highquality clinics and service locations across the country, providing users with online and offline integrated medical services. Atpresent, theGreater BayArea andother regions are introducing new technologies with a positive and open attitude, with the aim of improving the capacity and capability level of primary health services. According to the "GuangdongProvincial Action Plan to Promote'Internet +' Medical Health (2018-2020)", by 2020, the top three hospitals in Guangdong will fully utilize "Internet

+" medical services, and medical health artificial intelligence (AI)technology willcover county-level hospitals, township hospitals andcommunity health service centers.

 

In the long-term, thethree parties will make full useof their advantages andfurther optimize and improve the "GOLD Training Programme", as wellas toprovide online and offline comprehensive consultation and clinical services. PingAn GoodDoctor hasthe world's leading mobile medical technology and AItechnology, a large number of online consulting cases and data; UMP owns and manages more than 600 offline clinics in China (including Hong Kong) as well as overall delivery and management of the training plan "GOLD Training Plan", with the aim of developing more high quality family doctors; Zheng He has rich resources in medical technology in North America.

 

Regarding the strategic cooperation, Mr. Wang Tao, Chairman and CEO of Ping An Good Doctor, said, "UMP hasrich experience in family doctor services, and thecooperation withthe Greater Bay Areacommunity hospital and clinic network isimpressive; Zheng He hasrich experience and a plethora of global medical technology resources in the medical health industry. Through this strategic cooperation, Ping An Good Doctor will further improve the service level and efficiency, establish a larger network of offline primary clinics,improve the closed loop of online and offline integrated services, and provide convenient and premium medical and health services for both domestic and overseas consumers."

 

Dr. Sun Yiu Kwong, Chairman and CEO of UMP, stated, "UMP isalways acting in linewith thenational policy of developing more general practitioners andpatient triage through primary care. UMPdoes soby providing the GOLD Training Programme to family doctors whoare practicing in public community health centers, improving the clinical skills ofthese family doctors andempowering them to better implement thegovernment's policies of contracting adedicated family doctor for each citizen or family. UMP has been very active in setting up public-private partnership community health centers, thereby expanding its geographical reach of clinics and also clinical service capabilities. The cooperation with Ping An Good Doctor and Zheng He brings the three parties together, allowing each party to share their resources, needs and benefits with each other. Ping An Good Doctor can improve UMP's information technology capacity and empower UMP to adopt a more aggressiveexpansion strategy, enable UMP to develop new corporate healthcare management plans and develop new and innovative commercial health insurance products. On the other hand, Zheng He will be using its resources and network to assist UMP to develop precise medical solutions that are most suitable for the three parties' users and patients. Working together, the three parties shall strive to create a comprehensive medical ecosystem."

 

Zheng He's CEO, Mr. Law Siu Wah, Eddie, said, "Weare veryexcited tocooperate withPing AnGood Doctor and UMP.Zheng He'svision isto become the ultimate and mostcrucial service link between patients andhigh quality medical service providers inthe market. Zheng Heis a strategic shareholder of Ping An Good Doctor, as well as of UMP, and will continue to seek out innovators in different fields to create an ecosystem together. In this way, we can work together with customers and patients to find out the medical solutions that best suit their needs. We will work closely with Ping An Good Doctor and UMP to realize this vision. We look forward to contributing our expertise, capital and insights to other partners in the market."

 

About Ping An Good Doctor (1833.HK)

 

Ping An Good Doctor is theleading one-stop healthcare ecosystem platform inChina. Bycombining "mobile health + AI technology", the Company strives to provide every family with a family doctor, every person with an e-healthprofile and everyone with a healthcaremanagement plan. Ping An Good Doctor has established a comprehensive, one-stop healthcare ecosystem covering family doctor services, consumer healthcare services, a health mall as well as health managementand wellness interaction.

 

As of the endof June2018, there were 228million registered users andthe Company's MAU reached 48.6 million. Ping AnGood Doctor is today the largest mobile medical application inChina interms ofuser scale. Ping AnGood Doctor employs morethan a thousand medical personnel (Assistant Supervisor Level or above from Class III Grade A Hospitals)in its in-house medical team and contracts with 4,650 renowned external doctors. This in-house medical team, empowered by our proprietary AI technology, provides users with 24 x 7 online consultation services. In its offline partnership network, Ping An Good Doctor collaborates with approximately 3,100 hospitals (including more than 1,200 Class III Grade A hospitals)to provide services such ashospital referral, appointment andinpatient arrangements. Ping AnGood Doctor also partners with morethan 2,000 healthcare institutions, including physical examination centers, dental clinics, cosmetic surgery institutions andmore than 10,000 pharmacy outlets, toprovide relevant health andwellness services to ourusers. Byintegrating itsAI-empowered medical team, external doctors andoffline network, Ping AnGood Doctor has established aclosed-loop healthcare ecosystem which enables its users to enjoy online consultations and online drug purchases, as well as online consultations and offline follow-up treatment, thereby providing convenient, high-quality and efficient family doctor services.

 

In April 2015, theApp "Ping An GoodDoctor" wasofficially launched. In May2016, Ping An Good Doctor completed an A round financing and raised US$500 million. In December 2017, Ping An Good Doctor completed the pre-IPO financing from Softbank Vision Fund, during which it raised US$400 million. On 4 May 2018, Ping An Good Doctor became the No.1 listed internethealth-tech company in the world when it joined the Hong Kong Stock Exchange, stock code 01833.HK. Ping An Good Doctor's IPO cornerstone investors include Blackrock, Capital Group, GIC, Canada Pension Plan Investment Board, Khazanah Nasional Berhad, Swiss Re and CP Group.

 

About UMP (722.HK)

 

UMP is a people-centric healthcare services provider. UMP was founded in 1990 by a group of multi-disciplinary physicians and healthcare professionals who were filled with enthusiasm and a sense of mission to provide professional healthcare services.

 

UMP provides customized healthcare solutions to over 3,000 corporations, institutions andinsurance companies across Hong Kong, Macau and theGreater China region. Equipped with over 28 years of professional experience, UMPoffers a comprehensive range of healthcare services through a network of more than 600 self-operated and affiliated medical centres and clinics located across Hong Kong, Macau, Zhuhai, Beijing, Shanghai, Guangzhou and Shenzhen. UMP administers over 10,000 health management plans, serving 1.5 million patient visits annually.

 

UMP is also quickly expanding itsclinic network across China through a combination of owned, managed and invested primary care clinics. UMP is benefiting from various Greater Bay Area government policies and is exporting its general practice doctor trainingprogrammes to family doctors in community health centers in China, therebyempowering these family doctors to enhance their quality of services, with the aim of serving UMP's growing corporate members and its commercial health insurance partners.


About Zheng He

 

One of the investment priorities ofZheng Heis thefuture technology of themedical andhealthcare ecosystem, which provides quality medical services topatients incollaboration withdifferent innovators in themarket. Zheng He hasextensive experiences in themedical services industry, a vast network home and abroad, including renowned overseas medical schools and Hong Kong and international medical advisory organizations.


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