SHANGHAI, July 1, 2021 /PRNewswire/ -- Zhongchao Inc.
(NASDAQ: ZCMD) ("Zhongchao" or the "Company"), a healthcare
services company offering patient management, online healthcare
information, professional training and educational services,
announced the establishment of a new subsidiary Ningxia Zhongxin
Internet Hospital Co., Ltd. ("Zhongxin Ningxia") under Shanghai
Zhongxin Medical Technology Co., Ltd., a subsidiary of the
Company. Zhongxin Ningxia will build an internet hospital
("Zhongxin Internet Hospital") focusing on inpatient management
services. It is another important initiative for Zhongchao's
patient management business since the launch of its patient
management service on the professional field of tumor and rare
diseases in May 2021.
Combined with Zhongchao's current patient management services
for outpatients, the establishment of Zhongxin Internet Hospital
will enable Zhongchao to form an all-in-one patient management
service (the "All-in-One Service") from diagnosis, treatment
solutions, treatment engagement management to living improvement.
The All-in-One Service will support continuity in treatment
resulting in the improvement in patients' treatment experience. In
addition, through sharing the data of inpatients and outpatients,
the All-in-One Service can provide more efficient patient
management service and potential business opportunities such
as health insurance, medicine sales, patient recruiting and
more.
Weiguang Yang, Chairman and Chief
Executive Officer of Zhongchao, commented, "Zhongchao's subsidiary
Shanghai Zhongxin Medical Technology Co., Ltd. has accumulated a
vast experience in outpatient management services. With the
implementation of inpatient management service provided by Zhongxin
Internet Hospital, we believe our All-in-One Service would greatly
improve our patients' treatment experience. During the Covid-19
outbreak, the visitation volume of internet hospitals increased 17
times over the same period of the last year. The
National Health Commission has also released a few guidelines
this April promoting the rapid development of internet
hospitals. We believe that the recent favorable trends could
further boost the development of our Zhongxin Internet Hospital's
business inpatient management service."
About Zhongchao Inc.
Incorporated in 2012 with headquarter offices in Shanghai and Beijing, China, Zhongchao Inc. is an online
provider of healthcare information, professional training and
educational services to healthcare professionals under its "MDMOOC"
platform (www.mdmooc.org) and to the public under its "Sunshine
Health Forums" platform (www.ygjkclass.com) in China. The Company also provides patient
management services through its subsidiaries. More information
about the Company can be found at its investor relations website at
http://izcmd.com.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the
Company's future business development; product and service demand
and acceptance; changes in technology; economic conditions; the
growth of the professional training and educational services market
in China and the other
international markets the Company plans to serve; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in China and the
international markets the Company plans to serve and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC, the length
and severity of the recent coronavirus outbreak, including its
impacts across our business and operations. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward–looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please contact:
At the Company: Pei Xu, CFO
Email: xupei@mdmooc.org
Phone: +86 21-3220-5987
Investor Relations: Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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SOURCE Zhongchao Inc.
