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MarketScreener Homepage  >  Equities  >  Nyse  >  New Frontier Health Corporation    NFH   KYG6461G1064

NEW FRONTIER HEALTH CORPORATION

(NFH)
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New Frontier Health : Provides Coronavirus Readiness Update

02/06/2020 | 08:34am EST

New Frontier Health Corporation (NYSE: NFH), operator of the premium healthcare services provider, United Family Healthcare (UFH), announced today that UFH’s seven operating hospitals and 18 clinics in China are well prepared to care for patients throughout the current challenges of the 2019 novel coronavirus (2019-nCoV) outbreak.

UFH is among a handful of private healthcare operators in China designated by the Chinese government to operate fever care centers in its hospital facilities in order to combat the 2019-nCoV outbreak. This designation marks the government’s confidence in UFH’s standards, processes, and clinical experience to contribute to the containment and treatment of this virus. In all UFH facilities, strict procedures are in place to limit cross contamination, to ensure escalation of fever cases, and to keep patients and staff safe in accordance with WHO and Chinese health authority guidelines.

In each city where UFH operates, a UFH hospital facility has established fever care centers with separate and isolated areas in which to screen and test patients with fevers for potential infection by the 2019-nCoV virus. These fever screening centers are separated by air flows and work flows from standard patient clinics, emergency rooms, and inpatient facilities to keep any potentially infected patients from impacting other patients or visitors. As such, nearly all UFH facilities/ departments continue to offer services as needed for both inpatients and outpatients.

NFH takes seriously its obligation to be continually available to the community it serves, and as such has made sure that it has adequate supplies to protect both its healthcare workers and patients. UFH is uniquely prepared among all private hospitals in China to address the outbreak, having had experience as a designated international screening center in Beijing during the SARS epidemic. As a result of UFH’s depth of industry experience, international best practices, and committed workforce, UFH has provided training to its staff, adjusted patient flows, and procured appropriate supplies early in the process to meet the needs of the outbreak.

The NFH teams continue to strive to deliver safe, dependable, high-end private healthcare to patients across China.

About New Frontier Health Corporation

New Frontier Health Corporation (NYSE: NFH) is the operator of United Family Healthcare (UFH), a leading private healthcare provider offering comprehensive premium healthcare services in China through a network of private hospitals and affiliated ambulatory clinics. UFH currently has nine hospitals and in total in operation or under construction in all four 1st tier cities and selected 2nd tier cities. Additional information may be found at www.ufh.com.cn.

Forward-Looking Statements

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements include, without limitation, UFH’s preparedness to address the outbreak; UFH’s ability to manage patient inflows; and UFH’s ability to prevent the spread of nCoV within its facilities. These forward-looking statements are not guarantees of future results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NFH’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of such risks, please refer to NFH’s Form 20-F filed with the U.S. Securities and Exchange Commission on December 26, 2019. NFH undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


© Business Wire 2020
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Financials
Sales 2019 2 500 M 380 M 380 M
Net income 2019 - - -
Net Debt 2019 - - -
P/E ratio 2019 -11,3x
Yield 2019 -
Capitalization 7 602 M 1 156 M 1 156 M
Capi. / Sales 2019 3,04x
Capi. / Sales 2020 3,11x
Nbr of Employees -
Free-Float 81,2%
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Mean consensus BUY
Number of Analysts 2
Average target price 84,41 CNY
Last Close Price 57,87 CNY
Spread / Highest target 69,1%
Spread / Average Target 45,9%
Spread / Lowest Target 22,6%
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Managers
NameTitle
Roberta Lipson Chief Executive Officer & Director
Carl Wu President & Director
Kam Chung Leung Co-Chairman
Qi Yu Chen Co-Chairman
David Zeng Chief Operating Officer & Executive Director
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