ORLANDO, Fla., July 13 /PRNewswire-FirstCall/ -- China BioHealth Group (OTC Pink Sheets: CBHL) today outlined its strategic vision for entering the healthcare industry in China. The Company is pursuing an acquisition and licensing strategy in China’s rapidly growing preventative and elderly healthcare markets. The Company’s growth strategy is to acquire, develop and expand healthcare complexes, elder care centers and other health-related opportunities. The Company is now developing its Chengdu Rong-D healthcare complex as a model to duplicate in other key cities. Demand for the complex’s services outpaces supply, reinforcing China BioHealth’s healthcare-centric business model.
Building a National Chain of Healthcare Complexes
Preventative healthcare is a crucial element in China’s plans to control its health system. China BioHealth recently acquired the multi-million dollar Chengdu Rong-D Health and Recreation Complex to develop the model to expand preventative care centers throughout the country. Chengdu has ten million people and is the capital of the Sichuan province, one of China’s most affluent, politically influential and culturally significant regions.
The 400,000 sq. ft. health complex is preparing facilities for health promotion and education and health screening to work in conjunction with world health groups and the Chinese government. The facility is a large-scale multi- functional facility in Chengdu offering a comprehensive range of sports, leisure and catering facilities. The complex has comprehensive sports, recreational and leisure facilities, including: 7 tennis courts, 8 squash courts, a table tennis pavilion, a swimming pool, a therapeutic parlor and a clubhouse.
The Elder Care Market
With a market of 150 million seniors that will grow to over 275 million in just one generation, elder care is a significant problem for China. For example, Beijing’s elder care centers can accommodate only 9,924 people -- just 0.6% of the senior population. With longer life expectancy, growing affluence and the affects of China’s stringent “one child” family planning policy leaving the elderly with a child unable or unwilling to care for them, the Chinese government recently adopted a new regulation to encourage private and foreign investment in building elderly care centers.
With the support and encouragement of the government, China BioHealth is in active negotiations to acquire its first elder care center as the model for retirement communities it plans throughout China.
Pioneering China’s Healthcare Trends
China BioHealth is focused on healthcare, one of China’s fastest growing industries. The future needs of the market are undisputed, since China has 1.4 billion people, one of the highest aging population rates in the world, a state healthcare system that cannot support that demand, a more affluent population that is willing to pay for strong preventative care and a government aggressively pursuing support from private companies.
With the acquisition and development of its model Healthcare Complex and plans to soon enter the elder care center market, China BioHealth’s strategy is to profitably become a pioneer in China’s burgeoning healthcare industry through the acquisition, model development then roll-out and rollup of healthcare companies.
For more information, please call Jacob Nguyen at: (407) 622-2040.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company’s expectations with regard to the future impact on the company’s results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
China BioHealth
CONTACT: Jacob Nguyen, +1-407-622-2040, for China BioHealth