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China Century signs agreement with University of Chicago Medicine

Partnership brings best international practices in hospital care, management to China

May 22, 2015

China Century Group and the University of Chicago Medicine signed an exclusive agreement Thursday to improve health care delivery in China by bringing international standards and best practices to hospitals across the country.

"Our enterprise is expanding its activities into the health care sector by investing in and managing hospitals," said Chen Liguang, founder, chairman and CEO of China Century Group Inc., which already operates in the energy, technology and real estate sectors. "It was important for us to have a world-class medical enterprise to offer expertise and support in these endeavors."

Under the consulting agreement, UChicago Medicine's experts will travel to China to support improvements and care delivery in China Century's health care facilities. Hospital leaders from China also will travel to Illinois to visit UChicago Medicine, one of America's leading academic medical centers.

The UChicago Medicine team will assist China Century's with training and operations in areas that include clinical service development, quality, patient safety, infection control, operational excellence, supply chain, informational technology, human resources, nursing and marketing.

In addition, the American academic medical center will help facilitate treatment and transportation for China Century patients who want to travel to the United States for medical care.

"Since 2013, when we opened our new state-of-the-art facility in Chicago called the Center for Care and Discovery, we have been working to find opportunities to export our experience to the rest of the world," said Sharon O'Keefe, president of the University of Chicago Medical Center. "This partnership with China Century is our first major effort to bring the best practices of the University of Chicago Medicine to the rest of the world."

Terms of the deal were not disclosed.

About China Century Group
China Century Group Inc. is a large multinational company headquartered in Beijing, China with over 5,000 employees and over CNY 20 billion in assets. China Century currently focuses on four sectors of businesses: Energy, Technology, Real Estate and Health Care. China Century also administers a dozen subsidiaries and holding companies in numerous cities in China, Hong Kong and the USA. With its success, the company has been engaged in a number of charities and civic organizations throughout China. For more information, visit: www.chinacentury.net

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