EQS-News : Union Medical Healthcare acquires 51% equity interest in physiotherapy centre to further consolidate pain management and wellness market in Hong Kong

EQS-News / 15/04/2021 / 09:02 UTC+8 
[FOR IMMEDIATE RELEASE] 
 
 
Union Medical Healthcare acquires 51% equity interest in physiotherapy centre as 
part of continuing effort to further consolidate pain management and wellness market in Hong Kong 
 
(14 April 2021, Hong Kong) Union Medical Healthcare Limited ("Union Medical Healthcare" or the "Company", which 
together with its subsidiaries is referred to as the "Group", SEHK stock code: 2138), the largest non-hospital medical 
group in Hong Kong*, is pleased to announce that the Group will acquire a total 51% equity interest of a physiotherapy 
centre (the "target company") in order to further consolidate the pain management business in Hong Kong. The financial 
results of the target company will be consolidated into the consolidated financial statements of the Group. 
 
The target company operates a physiotherapy centre in Central, Hong Kong, principally engaged in the provision of 
physiotherapy treatments, massage and stretching therapy services, specialised trainings, and wellness related 
services. The target company has seven registered physiotherapists, five rehabilitation therapists, one sport therapist 
and one personal trainer. 
 
To cope with the unmet demand for pain treatment in Hong Kong, the Group has commenced the business of medical service 
for pain management and wellness market since 2016 through the brand "New York Medical Group". As at 31 March 2021, the 
Group has 35 related service centres in Hong Kong, including three flagship service centres. These service centres are 
located in some grade-A commercial buildings and some residential areas in the Hong Kong Island, Kowloon and New 
Territories, with total service area of approximately 70,000 square feet. 
 
The pain management business of the Group includes five major medical disciplines, including chiropractic, 
orthopaedics, neurosurgery, physiotherapy and Chinese medicine, with 69 full time exclusive registered practitioners 
employed, including 34 chiropractors, 10 orthopaedics & traumatology specialists, 2 neurosurgery specialists, 16 
physiotherapists and 7 Chinese medicine practitioners. 
 
Moreover, in view of the demand for medical talents in the area of pain management and wellness in Hong Kong, the Group 
will leverage on its leading professional expertise to lead the academic research on pain management in Asia and 
collaborate with international medical schools to promote the academic development and to provide on-the-job trainings 
for practitioners in the chiropractic profession. 
 
Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of Union Medical Healthcare said, "To develop 
the pain management business, the Group has been investing in information technology platform and advance medical 
equipment, as well as focusing on branding and service quality. Over the years, the pain management business of the 
Group has become a well-known pain health management brand in Hong Kong. The Group is endeavour to lead the development 
and innovation of the industry. Looking ahead, the Group will continue to explore expansion opportunities for the pain 
management business in Mainland China and Asia through organic growth and potential mergers and acquisitions in order 
to integrate the huge and fragmented medical market and further consolidate the Group's position as a leading medical 
service provider in the Greater Bay Area and Asia." 
 
- End - 
 
About Union Medical Healthcare Limited 
Union Medical Healthcare is Hong Kong's largest non-hospital medical service provider*, leveraging its core businesses 
of preventive and precision medicine, and committed to developing medical artificial intelligence by integrating its 
multi-disciplinary medical services. The move, which is supported by the Group's high-end branding and quality customer 
services, is aimed at offering customers safe and effective healthcare and medical services with professionalism. 
 
The Group principally engages in the provision of one-stop medical and health care services in Greater China. The Group 
provides a full range of services and products under its well-known brands, including those of its one-stop aesthetic 
medical solutions provider DR REBORN which has ranked first in Hong Kong by sales for years, primary care clinics 
jointly established with Tencent Doctorwork, chiropractic services centre SPINE Central, New York Spine and 
Physiotherapy Center NYMG, health management centre re:HEALTH, a vaccine centre Hong Kong Professional Vaccine HKPV, a 
comprehensive dental centre UMH DENTAL CARE, a diagnostic and imaging centre HKAI, an oncology treatment centre reVIVE, 
a day procedure centre HKMED, a specialty clinic SPECIALISTS CENTRAL and NEW MEDICAL CENTER, obstetrics and gynaecology 
specialist ZENITH MEDICAL CENTER AND PRENATAL DIAGNOSIS CENTRE, specialists central, a paediatric center PRIME CARE, 
cardiology center HONG KONG INTERNATIONAL CARDIOLOGY CENTER, PathLab Medical Laboratories and a professional hair care 
center HAIR FOREST. 
 
*According to an independent research conducted by Frost and Sullivan in terms of revenue in 2019 
 
For further information, please contact: 
iPR Ogilvy Limited 
Callis Lau / Shana Li / Ada Chew 
Tel: [phone] 
Fax: [phone] 
Email: [e-mail] 
File: Union Medical Healthcare acquires 51% equity interest in physiotherapy centre to further consolidate pain 
management and wellness market in Hong Kong 
15/04/2021 Dissemination of a Financial Press Release, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
Media archive at www.todayir.com 
 

(END) Dow Jones Newswires

April 14, 2021 21:02 ET (01:02 GMT)