Wanda Group and UPMC Sign Cooperation Agreement to Jointly Build and Operate 5 World-Class Hospitals

On September 30, Wanda Group and UPMC, a leading academic medical center based in Pittsburgh, Pennsylvania, signed a far-reaching strategic cooperation agreement in Beijing to jointly build and operate five world-class hospitals in China that meet the highest international quality standards.

Pending completion of final agreements, UPMC expects to provide its expertise in hospital design, operation and management intended to lead to Joint Commission International accreditation and to ensure a patient- and family-centric experience.

Mr. Wang Jianlin, the Chairman of Wanda Group, Mr. Zhang Lin, President of Wanda Cultural Industry Group, Mr. Hu Zhanghong, President of Wanda Culture Travel Innovation Group, Dr. Bruno Gridelli, Executive Vice President of UPMC International , and Mr. Jeffrey Bernstein, Vice President, UPMC International and Country Manager of China, attended the signing ceremony.

“With a global reputation for clinical excellence and more than 20 years of international operating experience, UPMC is the perfect partner to make Wanda a leader in delivering patient-centric, international-quality health care in China,” said Mr. Wang Jianlin. “We look forward to growing a strong partnership that will allow all Chinese to enjoy advanced care without leaving home.”

“We are pleased to have been selected by Wanda to be its strategic partner in this unique effort to expand access to excellent health care in China,” said Charles Bogosta, President of UPMC International. “Like Wanda, UPMC is committed to providing the highest-quality, most cost-effective care close to home for our patients. We are excited about making this vision a reality throughout China.”

Wanda Group and UPMC plan to jointly build and operate five international hospitals, which will be fully funded by Wanda and located in first-tier cities in China, including Beijing, Shanghai, Chengdu, Wuhan and Guangzhou. Wanda Group has purchased the land for Chengdu hospital and has started the design for that initial facility.

A $19 billion health care provider and insurer, UPMC integrates more than 40 hospitals, 600 doctors’ offices and outpatient sites, and a 3.4 million-member insurance division. Affiliated with the University of Pittsburgh Schools of the Health Sciences—ranked 5th in National Institutes of Health research funding--UPMC is regularly named among the leading hospitals in the United States.

With world-renowned specialties in transplantation, cancer, neurosurgery, cardiology and other services, UPMC has more than two decades of experience building and managing health care facilities internationally, including hospitals and cancer centers in Italy and Ireland. UPMC is also partners in China with Central South University’s Xiangya Hospital and has a digital pathology collaboration with KingMed Diagnostics.

Wanda Group is the world's largest real estate company, film company, children's entertainment company, and one of the largest sports companies and tourism companies in China. Its expansion into health care is guided by the national government’s “Healthy China 2030” policy, encouraging private investment to supplement the public hospital system.  Will be longer than 5 years until all 5 hospitals are operational