Located in Nanning China, Tongji Healthcare, www.tongjihealthcare.com, operates a general hospital with 105 licensed beds. The Hospital specializes in cataract, cornea, glaucoma, neuro-ophthalmology, ophthalmic plastic surgery, retinal disease, diabetic retinopathy, uveitis, refractive surgery, and pediatric ophthalmology, The Hospital enjoys a close relationship with Guangxi Tongji Pharmaceutical Co., a drug store chain encompassing over 400 stand-alone stores.
Tongji's New Hospital 80% Complete; 400 Bed Facility Will Add $20M in Revenues
NEW YORK, Dec 10, 2007 /PRNewswire-FirstCall via COMTEX/ -- Tongji Healthcare, Inc. (OTC Bulletin Board: TONJ), a premier provider of Healthcare and Pharmaceutical services in China, announced that it is ahead of schedule in the construction of its new Langdong Hospital in Nanning, China.
The 400-bed facility is constructed to International Standards and is anticipated to open in June of 2008. The 17 story Hospital has a construction area of 37,828 square meters or 40,717,720 square feet with a support building of 7 stories. The Hospital will offer state of the art facilities for neuro- ophthalmology surgery, ophthalmic plastic surgery, retinal disease and diabetic retinopathy treatment, as well as pediatric ophthalmology.
The company believes that based on internal calculations, the Langdong hospital will generate over 20 Million in Gross Revenues with net margins of 20% or $4 million in Net Profit.
Yun-hui Yu, President and CEO stated, "A new state of the art Hospital is definitely needed in Nanning, and we are excited about bringing it on-line by late Spring. Where our current facility is more than adequate, our new facility will have all the modern conveniences that our sister hospitals in the United States enjoy. With the local Nanning municipal government supporting our efforts with preferential policies on real estate, construction and property development, we are thankful for their support on this project as well as the future slated projects."