A doctor who travels through two eras

In the director's office of Ormond Hospital, only Director Eric, Lin Sanqi, and Director Elliott remained.

Lin Sanqi picked up her coffee, took a sip, and felt completely relaxed.

Now he knows that foreigners are greedy, extremely greedy, and have no bottom line or professional ethics, betraying their employers without the slightest hesitation.

What's there to worry about? It's just a matter of how much kickback to give, not a fundamental issue like whether the hospital will sell or not.

Relax.

What Lin Sanqi didn't know was that without Director Elliott acting as an intermediary, Dean Eric would have definitely refused all temptations with an upright and righteous demeanor.

After all, he also had to be wary of being entrapped by senior executives of the group, so he dared not easily express his own opinion.

Foreigners are just greedy, not stupid. Besides, whoever becomes the dean is a shrewd person? Their intelligence is definitely above Lin Sanqi's.

Dean Eric was already revealing the truth to Lin Sanqi at this point:
"Lin, our hospital currently has more than 500 employees, of which about 300 are registered doctors and nurses. If you really want to acquire our hospital, I estimate that many of the highly skilled doctors will leave."

Lin Sanqi expressed his understanding:
"That's how doctors in private hospitals are. If they can't see a future, they'll leave. After all, there are so many hospitals in Hong Kong, and they'll go wherever the salary is higher. If they want to leave, they can leave. I don't care."

Lin Sanqi was genuinely indifferent; he was prepared to use an advanced antibacterial drug that had never appeared in this era before, so that even a quack doctor could become a miracle doctor.

Moreover, Lin Sanqi's plan is to take advantage of the fact that antibacterial drugs are still a new thing and have not been included in the regulation of antibiotics, so there is no need to strictly control prescriptions.

Then open pharmacies all over Hong Kong, selling Lingnan Hall's secret formula medicines, including cephalosporins, moxifloxacin, and azithromycin—three antibacterial drugs. You can have as much as you want, no limit.

This way, he can attract patients from all over the world to buy his products, and he won't have to worry about not being able to enter foreign markets, nor will he have to give up any profits to foreign distributors.

The money earned by Xiangjiang Hospital and pharmacies, apart from the funds used to purchase goods for Baoan Pharmaceutical Factory, all went to the Lin family.

Yes, Lin Sanqi is also prepared to be selfish for once. While he is still alive in this world, he will make more money for the Lin family and stop being a foolish saint by handing over all the profits.

If they have too much money, they can donate it to the mainland in the name of patriotic Hong Kong businessmen, or wait until reform and opening up to be the first investment in the mainland, and open a White Swan Hotel in Huadu. This would actually be more beneficial to the Lin family.

Some people in China don't cherish their own people at all, but they fawn over foreigners or Hong Kongers.

Lin Sanqi has decided that the Lin family must firmly establish themselves as patriotic Hong Kong businessmen and can no longer consider themselves mainlanders, lest they live in constant fear of being purged.

This is also the best way to quickly escape the storm's influence a few years later.

Seeing that the atmosphere was just right, Director Elliott prepared to get to the point and asked directly:

"Lin, if you really want to buy Ormond Hospital, how much are you willing to give Dean Eric and me as a thank-you fee?"

Lin Sanqi understood that Westerners valued business and personal relationships separately, and it was best to give a direct quote to avoid misunderstandings.

But Lin Sanqi couldn't just let the other party set a price for him. He had witnessed the greed of foreigners before, and they wouldn't hesitate to rip him off if they wanted to.

"Director Elliott, Dean Eric, we're all friends, so I'll be frank with you. How much I can give you depends on how low the price the hospital sells to me for."

The lower the transaction price, the more benefits I can offer you both; conversely, if I were to buy this hospital at market price, I think my investment would be meaningless. What do you two think?

Director Elliott nodded and smiled:
"A perfectly reasonable deal, Eric, don't you think?"

Dean Eric showed none of the aloofness expected of a senior doctor; instead, he began haggling like a businessman:

"Lin, take a look. This is our hospital's asset valuation. Currently, our hospital's market value is £1000 million, including the permanent ownership of the land and buildings, as well as the advanced equipment inside the hospital."

After saying that, Dean Eric had his secretary bring in two large boxes full of fixed asset appraisal details.

Lin Sanqi flipped through it a few times, but since she couldn't understand it anyway, she put it down and just did a mental calculation:
At that time, the exchange rate between the Hong Kong dollar and the British pound was 16:1, which is 1 million Hong Kong dollars.

HK$1 million is definitely an exorbitant amount for this hospital.

Lin Sanqi understood the tricks of the appraisal business: the more money you pay the third-party appraisal company, the higher the asset appraisal; conversely, the less money you pay, the lower the appraisal. So, if you go straight for the appraised value, you'll be ripped off.

But the price of assets fluctuates with the market. If many people are interested and everyone is scrambling to buy them, the transaction price will naturally be high.

However, if no one is interested in the asset and it cannot be sold, it will naturally depreciate continuously, and you can acquire it at a lower price.

It's similar to stock trading.

Seeing Lin Sanqi remain silent, Dean Eric assumed he was dissatisfied with the offer and explained:

"However, we have left enough room for negotiation on the ten million pound valuation. Since you are Elliott's friend, Lin, you are also my friend, Eric. I'll give you a heads-up: the group's bottom line is one hundred million Hong Kong dollars."

Buying a hospital for 100 million is still expensive.

It's important to remember that in the 1960s, British capital still dominated the market. At that time, Li Huanggua was still selling plastic flowers, Zheng Zhubao was still working as his live-in son-in-law, and He Hunxue was still fighting and killing in the underworld. None of them had made a fortune.

They earn tens or hundreds of thousands.

Therefore, 100 million is a huge number for any Chinese-owned enterprise, and it is difficult for them to bear.

No wonder Ormond Hospital wasn't sold between British-owned companies and was ultimately forced to accept a Chinese-owned acquisition, which was a great disgrace for the noble white people.

Dean Eckley continued:
"But Lin, if the hospital is sold at the reserve price, the pressure on me will be enormous. The board of directors has ordered me to sell the hospital for as high a price as possible, and that would be my credit, so that my reputation as the last hospital director can be preserved."

But if the selling price is too low, the board of directors will not give me a good look, and I will have a hard time finding a new job in Hong Kong. In your Chinese terms, I would be a defeated general.

So Lin, you have to compensate me. I won't ask for more; give me £50, and I guarantee I'll get you the bottom price.

HK$800 million is enough to buy a luxury villa in Repulse Bay, a wealthy area on Hong Kong Island. The price of medicine sold by Lingnan Pharmacy for a year is not enough to cover this amount. And you call that not much?

But that's not how it works. Anyway, Lin Sanqi makes money quickly, and now he wants efficiency.

Buy the hospital quickly, promote the antibiotics rapidly, and you'll have no shortage of money then. There's no need to haggle over a little bit of money.

Thinking of this, Lin Sanqi reached out and firmly grasped Dean Eric's hand:
“£50 is no problem, but I have one requirement: the transaction and all the transfer procedures must be completed within half a month.”

Director Elliott shrugged:

"Lin, I have no problem with this. I'll get all the paperwork cleared for you within a day."

Dean Eric was overjoyed, and then came up with a wicked idea:
"Lin, if you want to get it at the bottom price, it's definitely impossible within half a month. Don't forget that capital is greedy. The entire acquisition deal cannot be completed without more than a dozen rounds of negotiations. The Bel Omond Consortium will not give in easily."

However, I have a solution. You send someone over immediately to arrange for them to be hospitalized under the pretext of appendicitis. I will arrange for my trusted confidant to personally treat the patient, and I will be responsible for falsifying all examination reports and hospital records.

Then we can have a serious medical accident that causes a patient to die during emergency surgery, and I'll figure out how to use a fake corpse.

When the autopsy report comes out, Elliott, the medical assessment is up to you. The responsibility will be determined to be entirely the hospital's fault, and they will bear 100% of the responsibility.

Then Lin, you arrange for a group of people to pretend to be family members and cause trouble at the hospital. They should ask for a compensation that the hospital cannot accept, such as 200 million or 500 million. The bigger the commotion, the better. You can also invite reporters and media to come and cover the story.

Our parent company, the Belomond Consortium, was already impatient with the hospital business. Now that things have gone wrong, they'll definitely be eager to divest themselves of this bad asset so they can quickly acquire the hospital.

Director Elliott was not at all surprised by this outrageous idea; it was something he did all the time.

"OK, leave the rest to me. You actors can figure it out yourselves, haha."

Lin Sanqi had to give a thumbs up, thinking to himself that one saying was indeed true: any strong fortress is breached from within.

"Alright, Dean Eric, it will be a pleasure to work with you."

"It's a pleasure doing business with you!" (End of Chapter)