BEIJING, Nov. 5, 2010 /PRNewswire-Asia-FirstCall/ — Dehaier
Medical Systems Ltd. (Nasdaq:
DHRM) (“Dehaier” or the “Company”), an emerging leader in the
development, assembly, marketing and sale of medical devices and
homecare medical products in China, today announced that it has won
a $2 million medical device distribution bid for a new rural
healthcare construction project supported by China Development Bank
Corp (“CDB”).
CDB is a major Chinese state-owned bank focused on supporting
China’s national infrastructure development initiatives, basic
industries, and pillar industries. In support of the State
Council’s “Agriculture, Farmer and Village” policy to improve rural
living conditions, CDB has earmarked approximately $1.5 billion in
loans each year since 2007 to implement national rural healthcare
initiatives and upgrade medical institutions in nearly 2,900
counties, cities and districts across China. Under the terms of the
contract, Dehaier will cooperate with Philips Medical Systems,
Olympus Corporation of Japan, and many other companies to
distribute medical devices to the new healthcare facility.
Mr. Ping Chen, CEO of Dehaier, stated, “We are pleased to be
awarded this new healthcare construction project supported by the
China Development Bank. With the advancement of China’s healthcare
reform plan driving the construction of primary healthcare
facilities, we believe the nation’s rural areas are a huge market
with tremendous potential. Winning this project gives Dehaier entry
into the basic-level medical care market. We expect to obtain more
projects within this optimal environment.”
The Chinese central government plans to spend nearly $125
billion on healthcare reform from 2009 through 2011. The funding
will support the construction of 2,000 county-level hospitals and
29,000 township hospitals, as well as upgrades for 5,000 township
hospitals. Accordi
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