Monday, October 29, 2018
PHC Holdings Corporation , announces signing a Strategic Cooperation Agreement with Mitsui & Co., Ltd. (headquarters: Tokyo, Japan, hereafter Mitsui) and China Resources Healthcare Group Limited (headquarters: Hong Kong, hereafter CRH), a wholly-owned subsidiary of China Resources (Holdings) Co., Ltd. CRH is one of the leading healthcare business groups in China, owning China Resources Medical Holdings Company which operates over 100 hospitals across China.
This May, the Japanese and Chinese governments signed a Memorandum on Business Cooperation in Third Countries between Japan and China, and established the Japan-China Forum on Third Country Business Cooperation, aiming to further promote exchanges between Japanese and Chinese companies as well as developing projects involving private-sector economic cooperation in third countries. The Agreement signed between PHCHD, Mitsui and CRH is intended for new healthcare business development utilizing each company’s business platforms and expertise and maximizing business synergies in third countries, which will contribute to the Japan-China commercial economic cooperation promoted by both governments.
PHCHD offers value-added products and services for its three core businesses — Medical Devices, Healthcare IT, and Life Sciences. Through signing the three-party Agreement, PHCHD will seek to contribute to healthcare quality improvement and provide better service to patients by strengthening partnerships with Chinese companies in the healthcare field and accelerating healthcare businesses in third countries.
