HONG KONG, CHINA - Media
OutReach - 9 November 2018 - Ping
"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. The
three parties will make full use
of their respective advantages and resources to jointly build an
offline family doctor services network and
shared 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 An
Good Doctor, UMP and
will carry out in-depth cooperation on
various aspects, such as
medical service capacity and
offline doctors, perfecting the
of online and offline medical services, expanding the
offline clinic network, optimizing and improving the "GOLD Training Plan" to provide better, more personalized and
efficient services for both
In terms of improving the medical service capacity and capability, UMP will
provide training to the
Good Doctor medical team
General Practice Oriented Learning and Development Training Program ("GOLD Training Programme"), further improving the
consultation skills and clinical technology of
providing 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, Ping
of online and offline medical services through the
medical resources. Ping An
Good Doctor is a leading one-stop healthcare ecosystem platform in China, while UMP has a network
of 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 of
Good Doctor will be
enjoy quality face-to-face offline primary care
services through UMP's owned and managed clinics (including public community health centers) located across Beijing, Shanghai and the
Area (including Hong Kong); Ping An
Good Doctor's global leading mobile medical technology will
also enable users of
UMP's offline medical centers and clinics to manage their health and booking before the
also engage such users for follow up after the consultation through their mobile phone, helping all
three parties to expand and engage more new
In terms of expanding the network of offline clinics, Ping
work closely with various regional governments to establish more high
quality clinics and service locations across the country, providing users with online and offline integrated medical services. At
other 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 "Guangdong
Provincial 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)
cover county-level hospitals, township hospitals and
community health service centers.
In the long-term, the
three parties will make full use
of their advantages and
further optimize and improve the "GOLD Training Programme", as well
provide online and offline comprehensive consultation and clinical services. Ping
the world's leading mobile medical technology and AI
technology, 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 has
rich experience in family doctor services, and the
the Greater Bay Area
community hospital and clinic network is
impressive; Zheng He has
rich 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 is
always acting in line
national policy of developing more general practitioners and
patient triage through primary care. UMP
by providing the GOLD Training Programme to family doctors who
are practicing in public community health centers, improving the clinical skills of
these family doctors and
empowering them to better implement the
government's policies of contracting a
dedicated 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 aggressive
expansion 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, "We
Good Doctor and UMP.
to become the ultimate and most
crucial service link between patients and
high quality medical service providers in
the market. Zheng He
is 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 the
leading one-stop healthcare ecosystem platform in
combining "mobile health + AI technology", the Company strives to provide every family with a family doctor, every person with an e-health
profile and everyone with a healthcare
management 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 management
and wellness interaction.
As of the end
2018, there were 228
million registered users and
the Company's MAU reached 48.6 million. Ping An
Good Doctor is today the largest mobile medical application in
user scale. Ping An
Good Doctor employs more
than 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 as
hospital referral, appointment and
inpatient arrangements. Ping An
Good Doctor also partners with more
than 2,000 healthcare institutions, including physical examination centers, dental clinics, cosmetic surgery institutions and
more than 10,000 pharmacy outlets, to
provide relevant health and
wellness services to our
AI-empowered medical team, external doctors and
offline network, Ping An
Good Doctor has established a
closed-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, the
App "Ping An Good
officially launched. In May
2016, 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 internet
health-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 and
insurance companies across Hong Kong, Macau and the
Greater China region. Equipped with over 28 years of professional experience, UMP
offers 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 its
clinic 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 training
programmes to family doctors in community health centers in China, thereby
empowering 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 of
future technology of the
healthcare ecosystem, which provides quality medical services to
different innovators in the
market. Zheng He has
extensive experiences in the
medical services industry, a vast network home and abroad, including renowned overseas medical schools and Hong Kong and international medical advisory organizations.