Reborn in America, I'm serious about making money.

Chapter 113 Foreign monks are better at chanting scriptures

The acquisition of the pharmaceutical factory by Shanghai Hua Pharmaceutical Group is known to many people. Whether it is a good thing or not is unclear to people now, but it should be a good thing for the people of those companies, as they would not have wanted to sell.

Unlike other companies, pharmaceutical companies are profitable, so losses are normal.

This issue was reflected in Zhang San's case. Unlike other companies, acquisitions for pharmaceutical companies are extremely difficult, and there are reasons for this.

Just look at the patients in the hospital, and you'll know that in this line of work, selling medicine is more profitable than robbing. Since the profits are so high, naturally no one wants to give it up. So what happens?

Foreign monks are better at chanting scriptures. Zhang San may encounter setbacks in mainland China, but that doesn't mean he will encounter setbacks overseas. Some commonly used drugs are rarely used by doctors overseas because of low profits, but they are still new drugs in mainland China. Even if they don't work in mainland China, many drugs can still find a market by changing their dosage form.

Before the New Year, news came from North America that a company perfectly met Zhang San's needs. This company had no research and development capabilities whatsoever, and the entire company was barely surviving.

Soon after, a company began setting up shop in Shanghai and started building a pharmaceutical factory, constructed according to North American GMP standards...

While construction was underway, all varieties underwent clinical trials. At that time, GMP was not yet available in mainland China, but Zhang San still built it according to GMP standards to save trouble.

This project was naturally welcomed by the locals.

"I was originally thinking of buying the factory and transforming those businesses, but it seems that's not going to work out now. But I can invest in hospitals."

Shanghai Hua Pharmaceutical recruited major hospitals and began negotiating joint venture hospitals with them; Zhang San realized that this was a viable option.

"Director Chen, I think our city's hospitals are inadequate. The equipment is too outdated, and the doctors' salaries are also inadequate. I believe we should increase investment, reform the system, and establish joint venture hospitals."

Zhang San was really determined. Since those pharmaceutical companies wouldn't let him acquire them, he changed his strategy. If they allowed him to acquire them, he'd make them pay.

Such joint venture hospitals have existed in mainland China since 1979; subsequently, in 1984, the first private hospital, "Yangcheng Yishou Hospital," was established in Guangzhou; in the same year, another "first" in the history of private medical development was born: the state-owned private hospital—Nanpu Hospital. Since then, private hospitals have sprung up like mushrooms after rain.

Investing in a hospital is no simple matter, so Zhang San had a report written. His idea was simple: since there was a joint venture hospital project, he would naturally allow it.

However, there were also dissenting voices. The content was simple: if it's a joint venture hospital, will it still serve the people? Although there were many such voices, Zhang San's renovation and upgrade plan really appealed to them.

Zhang San's plan is to first build a new hospital campus in Pudong. He will buy a piece of land and build a comprehensive hospital. Zhang San can use his connections to purchase the world's most advanced equipment. He has made a list, and based on this list...

"I think we should let him invest in all our hospitals; these are equipment that are simply unavailable for purchase."

"Yes, that way, we'll have the most modern hospital in the country."

In addition to these, there are employee dormitory plans, various modern management systems, personnel training programs, and medical recreational facilities. The construction of such supporting facilities has put many people at ease.

"Shall we start by testing this at a hospital?"

"Yes, let's conduct a pilot test first."

Sure enough, there was finally some good news: Zhang San and the other party had entered into a joint venture to build a hospital. The local government provided the land and personnel, while Zhang San provided the equipment and construction, with each party holding a 50% stake.

"I can provide the best equipment, but you also need to provide the best doctors; I require all applicants to pass an assessment before they can be hired." Zhang San made a final attempt to negotiate, as he didn't want a bunch of people with connections to come here. Then he added, "I don't have VIP wards; I only accept ordinary people."

There was a reason he said that.

"That's natural, that's natural."

And so, land was allocated here to jointly build a hospital. In addition to the hospital, staff dormitories and student apartments were built on the adjacent land. Why build these student apartments? Of course, it was to accommodate students for internships.

As for how Zhang San procures his equipment and whether there will be an embargo on mainland China, Zhang San is a major shareholder of Citibank, the actual owner of NT-MS, the real boss of MCA, and, moreover, he's an American!

Moreover, only a few places in the world have the best medical equipment, so Zhang San began a global procurement model. He also realized that he could easily establish a company to import medical devices.

Not long after, Shanghai Hua Pharmaceutical Group established a medical device division. This division was fully capable of procuring the most advanced medical devices and also establishing a medical device manufacturing company to produce them.

Whether those companies are willing or not is not their business; they can file a complaint with the federal government.

Zhang San's design was simple: to occupy as much space as possible and build as many functional buildings as possible. Seeing such a large building, many people gasped in shock. This is damn big!

Look closely, and you'll see a movie theater, supermarket, canteen, convenience store, and more—it's very comprehensive. They even saw that the supermarket is labeled "Stephen Supermarket," which gave the auditors a cold sweat. This guy really knows how to take advantage of anyone.

"I have ordered a lot of equipment from all over the world, and I have also purchased a large number of computers. When the time comes, the entire hospital will be computer-based for registration, making it a fully modernized hospital, the first of its kind in the country."

"Patients only need one card to register. All medical records and other documents will be stored in the computer, so doctors won't need to write them out anymore..."

When the health authorities came to investigate, Zhang San spoke eloquently, saying that his system was still under development, but it didn't matter; he could sell it to other hospitals in the future and charge them a fee.

"This system doesn't exist overseas either. I developed it specifically for hospitals. Once it's connected to the network, it will be able to share resources..."

He'll also establish an insurance company in the future, which can easily connect to these networks...

"How much does this system cost?"

Zhang San did a rough calculation and said, "It will probably cost several million US dollars."

Several million US dollars is equivalent to tens of millions of RMB, which is hard for them to accept. Fortunately, the other party paid for it, otherwise they would have been heartbroken.

Everyone here came from a poor background, and the sudden modernization is something they find hard to adapt to.

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