BEIJING, May 20, 2011 /PRNewswire/ -- Medical Care Technologies Inc. (OTCBB: MDCE) - As China aims to establish nationwide access to a universal healthcare platform by 2020, the Chinese government is well on its way to spending about $125 billion by the end of 2011 to modernize the country's healthcare system. According to a recent Siemens study, Beijing's five year plan, from 2011 to 2015, has provisions for healthcare reform, requiring the building of thousands of hospitals and clinics to make healthcare more accessible to the general public, especially in rural areas.
Medical Care Technologies Inc. (traded under the symbol MDCE on the U.S. OTC:BB) headquartered in Beijing, China, has positioned itself to lead the modernization of pediatric healthcare throughout the whole country with products and services designed to streamline children's health clinics and healthcare delivery.
Through its Chinese subsidiary, ReachOut Holdings - Hong Kong, Medical Care Technologies, Inc. has a home field advantage that most other foreign companies do not have, and secures the opportunity to establish a firm footing in a lucrative market, relatively untapped by other private foreign health organizations.
The company is planning a three-pronged strategic entry into the China healthcare industry and has recently launched an extensive Research & Development program in order to design an infrastructure backbone of healthcare services, linking clinical, retail and communication.
The first phase will focus on developing a network of children's health facilities, initially targeting larger urban areas across China, through which Medical Care Technologies, Inc. will provide quality health and wellness services and distribute a range of industry-leading product lines, simultaneously harmonizing three key segments: Health and wellness consultation services, Nutriceuticals and Pharmaceuticals.
Services will be geared towards advanced connectivity, with internationally standardized and secure business architecture, delivering the technology and information systems needed to link physicians, pharmacists, medical institutions and consumers to medical resources, health services, education, and health products throughout the Chinese healthcare industry.
The mission statement of Medical Care Technologies, Inc. is to become a leader in children's health care, dedicated to equipping the Chinese population with the opportunity to live healthier, more balanced lives.
SOURCE Medical Care Technologies, Inc.