On February 2, 2019, Genesis HealthCare (hereinafter referred to as Genesis), a wholly-owned subsidiary of Genesis HealthCare (hereinafter referred to as Genesis), a top service provider in the U.S. rehabilitation and senior care industry-GRS-HS and Zhuhai Zhihe Health Industry Holdings Co., Ltd. (hereinafter referred to as Zhuhai) signed a strategic cooperation agreement. The two parties will carry out in-depth cooperation in the fields of rehabilitation and senior care to jointly promote the development of China's rehabilitation and senior care industry. Mr. Guan Wei, Director of Social Affairs Bureau of Zhuhai Hengqin New Area, Mr. Ou Baixian, Chairman of Zhuhai Zhihe, Mr. Ou Guolun, President, Mr. George Hager, CEO of GRS-HS Genesis Group, and Mr. Dean Feick, Senior Vice President of GRS International Operations and Dr. Wenzhang Hou, President of GRS-HS Asia Pacific, attended the signing ceremony.
The cooperation project has the advantages of "favorable time, favorable location and harmonious people". It is located in Hengqin Development Zone of Zhuhai, in the central area of Guangdong, Hong Kong and Macao Bay area. It seamlessly connects three free trade zones (Qianhai, Nansha and Shekou) and four special administrative region level cities (Hong Kong, Shenzhen, Macao and Zhuhai) within one hour. With the preferential policies and favorable support of the central government and the local government, Zhuhai Zhihe plans to build it into an international medical center and health community with the characteristics of the times, Zhuhai characteristics and market competitiveness based on Zhuhai and serving Guangdong, Hong Kong and Macao.
Mr. George Hager, CEO of Genesis Healthcare Group, delivered a speech at the signing ceremony
“It is a great honor to be a partner of Zhuhai Zhihe. China is rapidly entering an aging society, but experience in medical rehabilitation and senior care is relatively scarce." Genesis Group CEO George Hager said, “as a company with more than 30 years of successful experience and leading advantages in the rehabilitation and senior care industry, combining with grs-hs's nearly five years of localized operation experience in China, genesis will be able to join hands with Zhuhai Zhihe company to build high-end and internationally influential medical care projects.”
Mr. Ou Puxian, chairman of Zhuhai Zhihe Health Industry Holding Co., Ltd., delivered a speech at the signing ceremony
Ou Baixian, Chairman of Zhuhai Zhihe Company, first extended a warm welcome to Mr. Guan Wei, Director of Social Affairs Bureau of Hengqin New Area, and George Hager, CEO of Genesis Group. “This project is in response to the comprehensive implementation of the" healthy China "strategy by the state and meet the needs of the people in society." He stressed that "the development of medical and senior care projects is a cause that benefits the community. We should strive to build a high-quality medical and senior care brand with international advanced level, Hengqin Zhihe, after Beijing Union and Hong Kong Yanghe." Finally, he hopes to rely on the brand value and rich experience accumulated by Genesis group in the fields of rehabilitation and senior care, combined with the advantages of market resources of Zhuhai Zhihe, deepen cooperation, and strive to achieve the development goal of high quality of the project.
"The central government attaches great importance to the development of Hengqin new area, and plans Hengqin with high starting point and high standard. Hengqin new area is now a ‘selection’ investment, and the projects that can enter Hengqin must be the highest-level projects in China and internationally. " Guanwei, director of Social Affairs Bureau of Hengqin New District, Zhuhai, spoke highly of the significance of this cooperation. He said, "The Hengqin New Area government is very glad to see Zhuhai Zhihe and the internationally renowned rehabilitation medical service provider GRS have successfully joined hands. We will continue to provide good services for the project as always, and wish the two sides a smooth cooperation."
Mr. Guan Wei, director of Social Affairs Bureau of Hengqin New District, Zhuhai, delivered a speech at the signing ceremony
GRS-HS successfully signed a contract with Zhuhai Zhihe Health Industry Holdings Co., Ltd
Both parties celebrate the complete success of the signing ceremony
About Genesis HealthCare Group
The parent company of GRS-HS Genesis-Genesis HealthCare (Genesis) is a New York Stock Exchange listed company and one of the largest subacute medical service providers in the United States. It has 450 professional and assisted care institutions in 29 states across the United States. Its subsidiary, genesis Rehab Services (GRS), is a leader in the rehabilitation industry. Its services include physical therapy, speech therapy, occupational therapy, respiratory therapy, and health management. GRS has more than 1400 rehabilitation service institutions in 46 states in the United States, with more than 14000 therapists and treatment assistants, providing high-quality professional services to tens of millions of patients every year.
GRS-HS is a wholly-owned subsidiary of Genesis established in China in 2014. Since its establishment, the company has been committed to bringing more than 30 years of valuable experience in the rehabilitation and senior care industry from the United States to the Chinese market. Currently, it operates and guides multiple service sites and various rehabilitation settings in core cities in China, including Sping Power Rehabilitation Hospital, Rehabilitation Department of Specialized Hospitals, Rehabilitation Department of Nursing Home, International Clinic Rehabilitation Department, Outpatient Rehabilitation, etc.