Per reporter: Chen Xing Per editor: Zhang Haini
Image source: Screenshot of the official website of Xi'an High-tech Hospital
Today (January 6) intraday, International Medicine (000516, SZ) once plunged more than 9%. On the news side, Xi'an High-tech Hospital, a subsidiary of International Medicine, was involved in the abortion incident of pregnant women in Xi'an. A few days ago, the incident was investigated by experts organized by the Shaanxi Provincial and Xi'an Municipal Health Commissions and identified as a liability accident. Fan Yu, general manager of Xi'an High-tech Hospital, will be suspended, and the relevant responsible persons of the outpatient department and medical department will be dismissed.
On the afternoon of the 6th, the international medical side responded to the "Daily Economic News" reporter that the hospital was the first party to the incident, and the company was not aware of the investigation progress and handling opinions of the relevant incident.
The stock price of the parent company of the hospital involved fell sharply
Today, the international medical market of a listed company mainly engaged in medical services plunged more than 9%. As of the close, the stock price fell 4.81%, closing at 10.28 yuan per share. On the news side, the collapse of international medicine is related to its involvement in the abortion incident of pregnant women in Xi'an, and the hospital involved is "Xi'an High-tech Hospital", which is a hospital under international medicine.
According to a post posted by the pregnant woman's family, on January 4, the pregnant woman was unable to enter Xi'an High-tech Hospital due to nucleic acid problems, and eventually suffered a miscarriage due to heavy bleeding at the hospital gate. A few days ago, the incident was investigated by experts organized by the Shaanxi Provincial and Xi'an Municipal Health Commissions and identified as a liability accident. Fan Yu, general manager of Xi'an High-tech Hospital, will be suspended, and the relevant responsible persons of the outpatient department and medical department will be dismissed.
The reporter noted that Xi'an High-tech Hospital was established in 2002 and passed the evaluation of the Third Grade A General Hospital of the Shaanxi Provincial Health Department in 2009. In 2011, International Medicine acquired 100% of the equity of Xi'an High-tech Hospital for 297 million yuan. In 2020, Xi'an High-tech Hospital was also identified as one of the first designated hospitals for novel coronavirus pneumonia infection in Shaanxi Province.
An article released by the Xi'an Civil Air Defense Public Account "During the Epidemic Period, How Do Xi'an Citizens and Risky Persons Seek Medical Treatment?" The article of the latest guide mentions that "risk personnel" such as isolation (observation) personnel in the sealing and control area and the control area can go to the "Yellow Code Hospital" for diagnosis and treatment services such as maternal delivery. Xi'an High-tech Hospital (special ward) is among the yellow code wards.
On the afternoon of the 6th, the reporter repeatedly called the public telephone of Xi'an High-tech Hospital, but no one answered. According to media reports, the hospital has responded that it has done everything that should be done, waiting for the investigation results of the higher authorities.
As a hospital under international medicine, how did the listed company respond to the incident? On the afternoon of the 6th, the staff of the International Medical Board Secretary Office told the "Daily Economic News" reporter that Xi'an High-tech Hospital was the first party to the incident, and the company was not clear about the investigation progress and handling opinions of the relevant incident. The staff member also said that "the current time for the incident to happen is still relatively short, and it is not known whether the company has some specific countermeasures", and suggested that the relevant issues should be understood from the high-tech hospital.
As for the question of whether the company is involved in the daily management of Xi'an High-tech Hospital, the person also answered with "unclear and ununderstood". However, the reporter noted that among the management displayed on the official website of Xi'an High-tech Hospital, there is no international medical board of directors, executives and so on.
Another of its medical institutions is also involved in the diagnosis and treatment storm
Xi'an High-tech Hospital is one of the core assets of international medicine. In 2011, International Medicine also acquired Xi'an High-tech Hospital and crossed the border from department stores to enter the field of medical services. In 2018, International Medical divested its department store retail business, mainly engaged in large health medical services and the transformation and application of modern medical technology.
At present, there are three private medical institutions under the umbrella of International Medicine, namely Xi'an High-tech Hospital, Xi'an International Medical Center Hospital and Xi'an International Medical Shangluo Hospital, and Xi'an International Medical Rehabilitation Hospital is being built according to the top three standards. In addition, the company also has an investment layout in Internet medical treatment and stem cell medicine technology.
It is worth mentioning that Xi'an High-tech Hospital is currently the most profitable asset under international medicine. According to the 2021 semi-annual report of International Medicine, among the three hospitals under the company, only one of them, Xi'an High-tech Hospital, achieved profitability, with a net profit of 42.314 million yuan.
Image source: Screenshot of International Medicine's 2021 semi-annual report
In 2020, among the four subsidiaries in which International Medical Disclosure was the main holding shareholder, the net profit of Xi'an High-tech Hospital reached 60.6681 million yuan, which was the main contributor to the performance of listed companies.
In the first half of last year, the number of outpatient emergency departments and hospitalizations in Xi'an High-tech Hospital hit a record high, the total number of outpatient emergency departments exceeded 650,000, an increase of 70.75% over the same period of the previous year, the number of hospitalizations exceeded 24,000, an increase of 55.08% over the same period of the previous year, and the number of surgeries exceeded 6,700 cases, an increase of 53.90% over the same period of the previous year.
Although supported by Xi'an High-tech Hospital, the performance of International Medicine in recent years is still poor. From 2018 to 2020, its net profit was -34.35 million yuan, -469 million yuan and -648 million yuan, respectively. According to the third quarter of 2021, the loss of international medicine in the first three quarters of last year has reached 585 million yuan.
Under the background of the difficulty of profitability of private medical institutions and the long return cycle, Xi'an High-tech Hospital, which has successfully achieved profitability, has been called a sample of "social medical treatment", but the xi'an pregnant women incident still exposes the management problems of private medical institutions.
It is worth noting that in this round of Xi'an epidemic, Xi'an International Medical Center Hospital, a subsidiary of International Medicine, is also involved in a medical storm. Xi'an netizen "Sunflower Flower 0000000" posted that his father suddenly suffered angina on January 2, asked for help from many local hospitals, and after going to the high-tech international medical center for treatment, he was not treated by the security guards on the grounds of medium risk. Later, due to the delay in his illness, his father died after ineffective rescue.
Image source: Weibo screenshot
In the first half of last year, the revenue of Xi'an International Medical Center Hospital exceeded that of Xi'an High-tech Hospital, and as of now, Xi'an International Medical Center Hospital and International Medicine have not responded to this matter.
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