Concord Medical Services Holdings Ltd

Concord Medical Services Holdings Ltd operates a network of cancer hospitals and cooperative centers in China. As of December 31, 2025, the company had eight cooperative centers located within six hospitals, spread across six cities in five provinces and administrative regions in China. These cooperative centers are a key part of the company's business model, with growth historically driven by new arrangements with hospital partners or acquisitions. In addition to its cooperative centers, Concord Medical Services Holdings Ltd is establishing its own cancer hospitals and clinics. As of December 31, 2025, the company had four self-owned cancer hospitals and clinics in operation in China. These include one comprehensive cancer hospital, two cancer diagnosis and treatment clinics, and one imaging diagnosis center. The company was also constructing Shanghai Hospital as of December 31, 2025. The expansion of both cooperative centers and self-owned facilities directly impacts patient visits and revenue growth. The range and mix of services provided, along with the cost of medical equipment, also affect the company's financial performance. New facilities typically experience a ramp-up period where operating efficiency may be lower than established ones.