2011-2012年中国医院行业发展与投资研究报告 >> 水清木华研究中心

　　由于市场需求的刺激和国家的稳定投入，近年来中国医院行业一直保持稳定发展。截至2011年10月底，中国医院总数由2006年的19246所增长至21415所，其中三级医院1353所，二级医院6507所，一级医院5367所，未定级医院8188所。2005-2010年，中国医院行业收入从4238亿元增长至10284亿元，年均复合增长率高达19.4%。

　　由于政府出台了一系列推动公立医院改革、鼓励和引导社会资本不断进入医院行业等利好政策，2010年中国非公立医院、营利性医院数量分别快速增长至7739所、5096所，2006-2010年均复合增长率分别为14.6%、11.4%，远高于公立医院、非营利性医院增长速度。

　　从医院分类来看，专科医院由于资金规模较小，利润较高，长期以来受到社会资本的关注，发展势头强劲。2010年，中国专科医院总数为3956所，其中非公立专科医院比重达到55.3%（2005年仅为37.2%）。从经营状况看，2010年眼科医院、整形外科医院、口腔医院等专科医院毛利率均超过10%，远高于医院行业4.4%的毛利率。目前，在中国经营较为成功的民营专科医院有爱尔眼科、通策口腔医疗等。

　　近年来，随着政策鼓励力度的逐渐加大，各种社会资本纷纷涉足中国医院产业，其中风投资金比较倾向于投资利润较高的连锁专科医院，如2011年5月天图创投与联想投资等联合投资伊美尔整形美容医院连锁集团近2亿元；医药企业意图打通医疗健康行业全产业链，纷纷进入医院行业，如双鹭药业投资1.6亿元合资设立新乡市中心医院；外资主要采取合作经营、参股、合资建设经营新医院（外资主导）的方式在华运营，其主要定位于中国高端医疗市场，如美中互利和睦家医院等。

表：截至2011年底中国医院行业部分投资案例

《2011-2012年中国医院行业发展与投资研究报告》的内容主要包括以下几方面：

中国医院行业现状，包括行业经营现状、行业供需、行业竞争格局及发展前景等；
中国医院行业发展环境，包括医改政策、医改现状、医改方向及政府投入等；
中国民营医院发展情况，包括民营医院发展现状、发展环境、发展方向以及民营资本进入医院行业具体案例等；
中国专科医院发展情况，即眼科、口腔、整形外科、美容、妇产、儿童、肿瘤等专科医院经营现状和发展前景等；
中国外资医院发展情况，包括外资医院政策环境、经营现状、经营方式等；
中国15家主要民营专科医院及外资医院（包括爱尔眼科、通策医疗、泰和城医疗、美中互利和睦家医院等）经营现状、投资和并购、趋势预测等。

Stimulated by market demand and stable national investments, the hospital industry of China has long maintained steady progression in recent years. Up to the end of October 2011, the number of hospitals in China grew from 19,246 in 2006 to 21,415 including 1,353 first-level hospitals, 6,507 secondary-level hospitals, 5,367 third-level hospitals and 8,188 undetermined-level hospitals. From 2005 to 2010, the industry revenue saw a substantial rise from RMB423.8 billion to RMB1.0284 trillion, with a CARG of 19.4%.

As the government has introduced a series of favorable policies that promote the reform of public hospitals, encourage and guide the inrush of social capital to enter hospital industry, etc., numbers of non-public hospitals and profitable hospitals in China surged to 7,739 and 5,096 respectively in 2010, with CARGs of 14.6% and 11.4% during 2006-2010, towering above that of public and non-profit hospitals.

In terms of hospital classification, specialized hospital has long been a concern of social capital due to smaller funding and higher profit margin, presenting a strong momentum of development. In 2010, there were a total of 3,956 specialized hospitals around China, of which, non-public specialized hospitals occupied 55.3% (merely 37.2% in 2005). Moving to the operating performance, ophthalmology hospital, plastic surgery hospital, stomatological hospital and other specialized hospitals all scored gross margin of over 10% in 2010, outclassing 4.4% of the hospital industry. Nowadays in China, Aier Eye Hospital, Topchoice Medical, etc. are the successful private specialized hospitals.

In recent years, a variety of social capital has successively tapped into Chinese hospital industry with more and more policy incentives; wherein, venture capital is more inclined to invest specialized hospital chains with higher profit, e.g., in May 2011, Tiantu Capital, Legend Capital, etc. jointly invested nearly RMB200 million in EverCare Cosmetic Surgery Hospital; and pharmaceutical corporations have in succession accessed to hospital industry with the intention of breaking through the whole industry chain of medical and health industry, for instance, Beijing SL Pharmaceutical projected RMB160 million for joint establishment of Xinxiang Municipal Central Hospital; while foreign capital operates in China by means of cooperative management, share holding as well as joint construction and operation of new hospitals (led by foreign side), primarily targeting Chinese high-end medical market, such as Chindex United Family Hospital, etc..

Some Investment Cases in China Hospital Industry by end of 2011

China Hospital Industry Development and Investment Report, 2011-2012 mainly covers the followings:

   Status quo of Chinese hospital industry, including operation, supply & demand, competitive pattern, development prospects, etc.;

   Development environment of Chinese hospital industry, containing medical reform policies, status quo, direction, as well as government investment, etc.;

   Development of Chinese private hospitals, covering status quo, development environment, development direction, and specific cases of private capital integration into the hospital industry, etc.;

   Development of Chinese specialized hospitals, referring to operation, development prospects and other aspects of eye hospital, stomatological hospital, plastic surgery hospital, beauty hospital, women’s hospital, children’s hospital, cancer hospital, etc.;

   Development of foreign hospitals in China, comprising policy environment, operation situation, operation mode, etc.;

   Current operation, investment & acquisitions, trend prediction, etc. of 15 major private specialized hospitals and foreign hospitals (including Aier Eye Hospital, Topchoice Medical, CMS Holdings, Chindex United Family Hospital, etc.) in China.

第一章中国医院行业概述
1.1 定义及分类
1.2 产业链
1.3 医院行业发展概况
1.4 医院行业地域发展情况

第二章中国医院行业市场概况
2.1 美国医院行业市场概况
2.1.1 美国医疗费用支出持续增长
2.1.2 美国医疗行业市场需求将长期保持
2.1.3 美国医院经营和收入情况
2.2 中国医院行业市场情况
2.2.1 中国医疗费用支出高速增长
2.2.2 中国政府将持续加大投入
2.2.3人口老龄化趋势是医疗市场的增长动力
2.2.4 医院行业收入快速增长，以药养医结构特点明显
2.2.5 医院行业市场供需矛盾突出
2.2.6 公立医院为主的竞争格局明显

第三章中国医院行业政策分析
3.1 新医改激发医院行业市场需求
3.2 公立医院改革渐行渐清晰
3.2.1 公立医院改革方向
3.2.2 公立医院改革试点——县医院改革
3.3 多项政策鼓励社会资本进入医院行业

第四章中国民营医院发展情况
4.1 中国民营医院发展现状
4.2 中国民营医院发展环境
4.2.1 民营医院税收负担高于非营利性医院
4.2.2 非公立医院与公立医院待遇将逐步同等化
4.3 中国民营医院发展方向
4.4 民营资本进入医院行业
4.5 典型案例一：民营医院集团
4.5.1 北京凤凰医院管理集团
4.5.2 深圳博爱医疗集团
4.5.3 广州仁爱医院集团
4.6 典型案例二：民营医疗健康管理行业
4.6.1 慈铭体检
4.6.2 爱康国宾

第五章中国民营专科医院发展情况
5.1 中国专科医院高速发展
5.2中国专科医院经营状况
5.3 眼科医院
5.3.1 眼科医院概况
5.3.2 典型案例：爱尔眼科
5.4 口腔医院
5.4.1 口腔医院概况
5.4.2 民营口腔医疗服务市场概况
5.4.3 典型案例：通策医疗
5.4.4 典型案例：瑞尔齿科
5.5整形外科和美容医院
5.5.1 整形外科和美容医院概况
5.5.2 典型案例：伊美尔美容专科医院
5.6 妇产医院
5.6.1 妇产医院概况
5.6.2 典型案例：北京博生医疗集团
5.7 儿童医院
5.7.1 儿童医院概况
5.7.2 典型案例：北京新世纪儿童医院（NCICH）
5.8 肿瘤医院
5.8.1 肿瘤医院概况
5.8.2 典型案例：泰和城医疗（CMS Holdings）

第六章中国外资医院发展情况
6.1 中国外资医院经营现状
6.2 外资医院发展方向
6.3 中国外资医院经营方式
6.4 美中互利和睦家医院（United Family Hospitals， Chindex）
6.5 新加坡百汇医疗（Parkway Health）
6.6 厦门长庚医院

第七章中国医院行业投资分析
7.1 投资规模
7.2 投资案例
7.2.1 天图创投、联想投资等投资伊美尔
7.2.2 启明创投等投资瑞尔齿科
7.2.3 建银国际投资博生医疗
7.2.4 中欧资本投资亚非牙科
7.2.5 鼎晖创投等投资安琪儿医疗
7.3 中国医院行业IPO情况

第八章中国医院行业投资风险分析
8.1 政策和监管风险
8.2 医疗事故诉讼、赔偿风险
8.3 社会认知风险

1. Overview of China Hospital Industry
1.1 Definition and Classification
1.2 Industry Chain
1.3 Development Overview
1.4 Regional Development

2. Overview of Chinese Hospital Market
2.1 American Hospital Market
2.1.1 Growing Medical Expenses
2.1.2 Strong Market Demand
2.1.3 Hospital Management and Revenue
2.2 Chinese Hospital Market
2.2.1 Fast-growing Medical Expenses
2.2.2 Increasing Government Investment
2.2.3 Market Growth Driven by an Aging Population
2.2.4 Rapid Income Growth Supported by Medicine Business of Hospitals
2.2.5 Obvious Contradiction between Supply and Demand
2.2.6 State-owned Hospital-dominated Competition Pattern

3. Chinese Hospital Policies
3.1 New Medical Reform Stimulates Market Demand
3.2 Reform of Public Hospitals
3.2.1 Direction
3.2.2 Reform of County Hospitals
3.3 Many Policies Encourage Social Capital to Enter Hospital Industry

4. Development of Private Hospitals in China
4.1 Status Quo
4.2 Environment
4.2.1 Tax Burden is Higher than the Non-profit Hospitals
4.2.2 Non-public Hospitals and Public Hospital Treatment will Gradually Equal
4.3 Development Direction
4.4 Private Capital into the Hospital Industry
4.5 Private Hospital Groups
4.5.1 Beijing Phoenix Hospital Group
4.5.2 Shenzhen BOAI Medical Group
4.5.3 Renai Hospital of Guangzhou
4.6 Private Medical and Health Care Management Industry
4.6.1 Ciming Checkup
4.6.2 iKang Guobin

5. Development of Private Specialized Hospitals in China
5.1 High-speed Development
5.2 Operation
5.3 Eye Hospitals
5.3.1 Overview
5.3.2 Aier Eye Hospital Group
5.4 Stomatological Hospitals
5.4.1 Overview
5.4.2 Private Oral Health Care Market
5.4.3 Topchoice
5.4.4 Arrail
5.5 Plastic Surgery and Cosmetic Hospitals
5.5.1 Overview
5.5.2 EverCare Cosmetic Hospital
5.6 Maternity Hospitals
5.6.1 Overview
5.6.2 Beijing Bosheng Medical Group
5.7 Children’s Hospitals
5.7.1 Overview
5.7.2 Beijing New Century International Children’s Hospital
5.8 Cancer Hospitals
5.8.1 Overview
5.8.2 Concord Medical Services Holdings Limited (CMS)

6. Development of Foreign Hospitals in China
6.1 Status Quo
6.2 Development Direction
6.3 Operating Model
6.4 United Family Hospitals, Chindex
6.5 Singapore Parkway Group Healthcare
6.6 Xiamen Chang Gung Memorial Hospital

7. Investment in China Hospital Industry
7.1 Scale
7.2 Cases
7.2.1 Tiantu Capital, Legend Capital, etc Invest in EverCare
7.2.2 Qiming Venture Partners Invests in Arrail Dental
7.2.3 CCB International Invests in Bosheng Medical
7.2.4 CEL Partners Invests in VAV Dentistry
7.2.5 CDHfund Invests in Angel Group(China)
7.3 IPO in China Hospital Industry

8. Investment Risks in China Hospital Industry
8.1 Policy and Regulation
8.2 Litigation and Compensation for Medical Malpractice
8.3 Social Awareness

表：中国医院产权和经营方式
表：中国医院等级标准
图：医院行业产业链
图：2006-2011年10月中国医院数和增长率
图：2006-2011年10月中国医院等级结构
图：2006-2011年10月中国公立与非公立医院数量
图：2006-2011年10月中国公立与非公立医院增加量
图：2006-2010年中国营利性与非营利性医院数量
图：2006-2010年中国营利性与非营利性医院增加量
图：2006-2010年中国综合医院、中医医院和专科医院数量
表：2010年中国各地区医院数量
表：2010年中国各地区每千人口医师数量
表：2010年中国各地区病床使用率
图：2000-2010年美国医疗支出及占GDP比重
图：1980-2050年美国65岁以上人口数及占比
表：2008年欧美国家医院经营方式比较
图：2008年美国和中国医院收入构成情况比较
图：2000-2011年中国医疗支出及占GDP比重
图：2000-2011年中国人均医疗支出及增长率
图：2009年世界主要国家人均医疗支出比较
图：2001-2010年中国政府、社会和个人医疗支出比例变动情况
图：2005-2010年中国城镇医疗保险人数及增长率
图：2004-2010年中国新农合参加人数及参合率
图：2000-2009年中国城镇和农村医疗支出及比例
图：1982-2009年中国65岁人口数及占总人口比例
图：2005-2010年中国医院行业收入与支出金额
图：2003-2010年中国综合医院平均收入及增长率
图：2003-2010年中国综合医院平均收入构成（分业务）
图：2003-2010年中国综合医院平均药品收支和加价率
图：芜湖“医药分开”改革模式图
图：2005-2010年中国医院诊疗人次和增长率
图：2005-2010年中国医院病床数和病床使用率
图：2005-2010年中国医院执业医师和注册护士数量
图：2005-2010年中国医科毕业人数和增长率
图：2006年各国医疗人员薪酬占医院总支出比例
图：2010年中国各医疗领域公立和非公立医院比例
表：2009-2012年中国新医改主要政策
表：2009-2012年中国县医院改革主要政策
表：中国县级医院改革样本思路对比
图：2010年中国各级公立医院药品采购占比
表：2010年中国县级医院平均收入及利润
表：中国与其他国家或地区医院支付方式比较
表：2004-2011年中国按病种付费主要政策
表：2009-2012年社会资本进入中国医院行业相关政策
表：2010年中国各专科领域公立与非公立医院数量
表：中国营利性与非营利性医院税制比较
表：截止2011年底涉足中国医院产业的部分医药企业
表：凤凰医院集团六种办医方式
表：慈铭体检三轮风险融资金额和出让股份
图：2005-2010年中国专科医院数量及增长率
图：2005-2010年中国专科医院收入及增长率
图：2005-2010年中国非公立和公立专科医院比例
表：2010年中国各类专科医院数量及收入
表：2010年中国各类专科医院平均收入
表：2010年中国各类专科医院毛利率
图：2006-2010年中国眼科医院数量
表：2006-2010年中国眼科专科医院收入和利润
表：2006-2010年中国眼科专科医院病床使用率和医师服务效率情况
图：2006-2011年爱尔眼科营业收入及净利润
图：2006-2011年爱尔眼科营业收入结构（按业务）
图：2006-2011年爱尔眼科医疗服务营业收入结构（按业务）
图：2006-2011年爱尔眼科毛利率
图：2006-2010年眼科医院和爱尔眼科门诊量及占全国医院眼科比例
表：2010-2013年爱尔眼科营业收入及净利润
图：2006-2010年中国口腔医院数量
表：2006-2010年中国口腔专科医院收入和利润
表：2006-2010年中国口腔专科医院病床使用率和医师服务效率情况
表：2010年中国十大口腔连锁品牌及主要经营区域
表：通策医疗、佳美口腔、瑞尔齿科竞争对比
图：2006-2011年1-9月通策医疗营业收入及净利润
图：2006-2011年1-9月通策医疗毛利率
图：2006-2010年通策医疗营业收入结构（按地区）
图：2008-2011年上半年宁波口腔医院营业收入及净利率
表：2006-2011通策医疗下属医院股权比例及经营情况
表：2010-2013年通策医疗营业收入及净利润
图：2006-2010年中国整形外科和美容医院数量
表：2006-2010年中国整形外科和美容专科医院收入和利润
图：2006-2010年中国妇产医院数量
表：2006-2010年中国妇产专科医院收入和利润
表：2006-2010年中国妇产专科医院病床使用率和医师服务效率情况
图：2006-2010年中国儿童医院数量
表：2006-2010年中国儿童专科医院收入和利润
表：2006-2010年中国儿童专科医院病床使用率和医师服务效率情况
图：2006-2010年中国肿瘤医院数量
表：2006-2010年中国肿瘤专科医院收入和利润
表：2006-2010年中国肿瘤专科医院病床使用率和医师服务效率情况
图：2006-2011年1-9月泰和诚营业收入及增长率
图：2006-2011年1-9月泰和诚营业毛利率
表：中国部分中外合作经营医院合作方及主要医疗服务
表：中国部分外资主导合资医院合作方及主要服务
图：2007-2011年上半年和睦家医院营业收入及增长率
图：2007-2011年上半年和睦家医院毛利率
表：2011年和睦家医院、诊所及病床数（按地区）
表：百汇医疗在华医疗中心及服务
图：2006-2009年百汇医疗中国资本支出金额
图：2007-2009年百汇医疗中国总收入及总资产
图：2006-2011年中国医院行业总投资、平均投资及案例数
表：2006-2010年中国医院行业IPO情况

Property Rights and Operating Model of Hospitals in China
Classification of Hospitals in China
Hospital Industry Chain
Total Number and Growth Rate of Hospitals in China, 2006-Oct. 2011
Hierarchical Structure of Hospitals in China, 2006-Oct. 2011
Number of State-owned and Non-state-owned Hospitals in China, 2006-Oct. 2011
Growth Comparison between State-owned and Non-state-owned Hospitals in China, 2006-Oct. 2011
Number of Profit and Nonprofit Hospitals in China, 2006-2010
Incremental Contribution of Profit and Nonprofit Hospitals in China, 2006-2010
Number of General Hospitals, TCM Hospitals and Specialized Hospitals in China, 2006-2010
Number of Hospitals in China by Region, 2010
Number of Doctors Per 1,000 People in China by Region, 2010
Hospital Bed Utilization Rate in China by Region, 2010
Proportion of Medical Expenses to GDP in USA, 2000-2010
Number and Proportion of People Aged 65 and Above in USA, 1980-2050
Comparison between European Hospitals and American Hospitals by Operating Model, 2008
Comparison between Chinese Hospitals and American Hospitals by Revenue Structure, 2008
Health Care Expenditure and Its Proportion in GDP in China, 2001-2011
Per Capita Health Care Expenditure and Growth Rate in China, 2001-2011
Per Capita Health Care Expenditure in Major Countries, 2009
Government, Social and Personal Health Care Expenditure in China, 2001-2010
Number and Growth Rate of Urban Health Insurance Participants in China, 2005-2010
Number and Proportion of New Rural Cooperative Medical Insurance Participants in China, 2004-2010
Urban and Rural Health Care Expenditure and Proportion in China, 2000-2009
Number and Proportion of People Aged 65 and Above in China, 1982-2009
Revenue and Expenditure in China Hospital Industry, 2005-2010
Revenue and Growth Rate of General Hospitals in China, 2003-2010
Average Revenue of General Hospitals in China by Business, 2003-2010
Average Medicine Revenue & Expenditure and Mark-up Rate of General Hospitals in China, 2003-2010
“Separation of Pharmacy from Hospital” Reform in Wuhu
Number and Growth Rate of Patients of Hospitals in China, 2005-2010
Number and Utilization of Beds of Hospitals in China, 2005-2010
Number of Practicing Doctors and Registered Nurses of Hospitals in China, 2005-2010
Number and Growth Rate of Medical Graduates in China, 2005-2010
Proportion of Medical Staff Salary to Hospitals’ Total Expenditure by Country, 2006
Proportion of State-owned and Non-state-owned Hospitals in China by Field, 2010
Major Policies on New Medical Reform, 2009-2012
Major Polices on the County-level Hospitals Reform in China, 2009-2012
Comparison of Sample Ideas of the County-level Hospitals Reform in China
Drug Procurement Proportion of Public Hospitals at All Levels in China, 2010
Average Revenue and Profit of County - level Hospitals in China, 2010
Hospital Payment in China, Other Countries or Regions
Major Polices of DRGs in China, 2004-2010
Chinese Policies Encouraging Investment of Social Capital in Hospital Industry, 2009-2012
Proportion of State-owned and Non-state-owned Hospitals in China by Specialty, 2010
Comparison between Profit and Nonprofit Hospitals by Taxation
Part of Pharmaceutical Companies Involved into the Hospital Industry by the end of 2011
Six Operating Models of Beijing Phoenix Hospital Group
Raised Funds and Transferred Shares in Three Rounds of Financing of Ciming Checkup
Number and Growth Rate of Specialized Hospitals in China, 2005-2010
Revenue and Growth Rate of Specialized Hospitals in China, 2005-2010
Proportion of State-owned and Non-state-owned Specialized Hospitals in China, 2005-2010
Number and Revenue of Chinese Specialized Hospitals, 2010
Average Revenue of Chinese Specialized Hospitals, 2010
Profit Margin of Chinese Specialized Hospitals, 2010
Number of Eye Hospitals in China, 2006-2010
Revenue and Profit of Chinese Eye Hospitals, 2006-2010
Bed Utilization and Efficiency of Doctor Services of Chinese Eye Hospitals, 2006-2010
Operating Revenue and Net Income of Aier Eye Hospital Group, 2006-2011
Operating Revenue of Aier Eye Hospital Group by Businesses, 2006-2011
Operating Revenue of Aier Eye Hospital Group Medical Services, 2006-2011
Gross Margin of Aier Eye Hospital Group, 2006-2011
Eye Hospitals, Outpatient Volume of Aier Eye Hospital Group and Its Proportion in China’s Hospital Ophthalmology, 2006-2010
Operating Revenue and Net Income of Aier Eye Hospital Group, 2010-2013E
Number of Chinese Dental Hospitals, 2006-2010
Revenue and Profit of Chinese Dental Hospitals, 2006-2010
Bed Utilization and Efficiency of Doctor Services of Chinese Dental Hospitals, 2006-2010
Top 10 Oral Chain Brands and Major Operating Regions in China, 2010
Competitive Comparison of Topchoice Medical, Jiamei Dental and Arrail Dental
Operating Revenue and Net Income of Topchoice Medical,2006-Jan.-Sep.2011
Gross Margin of Topchoice Medical,2006-Jan.-Sep.2011
Operating Revenue of Topchoice Medical by Region, 2006-2010
Operating Revenue and Net Profit Margin of Ningbo Dental Hospital, 2008- H1 2011
Equity Ratio and Operaton of Topchoice Medical Subsidiary Hospitals, 2006-2011
Operating Revenue and Net Income of Topchoice Medical, 2010-2013E
Number of Chinese Plastic Surgery and Cosmetic Hospitals, 2006-2010
Revenue and Profit of Chinese Plastic Surgery and Cosmetic Hospitals, 2006-2010
Number of Chinese Maternity Hospitals, 2006-2010
Revenue and Profit of Chinese Maternity Hospitals, 2006-2010
Bed Utilization and Efficiency of Doctor Services of Chinese Maternity Hospitals, 2006-2010
Number of Chinese Children’s Hospitals, 2006-2010
Revenue and Profit of Chinese Children’s Hospitals, 2006-2010
Bed Utilization and Efficiency of Doctor Services of Chinese Children’s Hospitals, 2006-2010
Number of Chinese Cancer Hospitals, 2006-2010
Revenue and Profit of Chinese Cancer Hospitals, 2006-2010
Bed Utilization and Efficiency of Doctor Services of Chinese Cancer Hospitals, 2006-2010
Operating Revenue and YoY of CMS Holdings Ltd, 2006- Jan-Sep.2011
Gross Margin of CMS Holdings Ltd, 2006- Jan-Sep-2011
Some Joint Venture Hospitals and Major Medical Services
Some Joint Venture Hospitals Dominated by Foreign Capital
Operating Revenue and Growth Rate of United Family Hospital, 2007- H1 2011
Gross Margin of United Family Hospital, 2007- H1 2011
Number of Hospitals, Clinics, Beds of United Family Hospital by Region, 2011
Medical Care Centers and Services of Parkway Group Healthcare in China
Capital Expenditure of Parkway Group Healthcare in China, 2006-2009
Total Revenue and Total Assets of Parkway Group Healthcare in China, 2007-2009
Total Investment, Average Investment and Number of Investment Cases in China Hospital Industry, 2006-2011
IPO in China Hospital Industry, 2006-2011