Sunday, January 13, 2008

Missioncare Chosen as Sole Health Care Management Provider for TSMC

After being successfully allied with ING Group, Missioncare has taken it one step further by allying with Taiwan Semiconductor Manufacturing Company (TSMC), one of the world's largest semiconductor manufacturers, becoming TSMC's only health care management provider while guarding the health of its staff.

This alliance was executed by Missioncare's subsidiary company, Sheng-Hong Medicine, the first professional healthcare management company subsidized by a hospital in Taiwan. It offers health checkup programs to over 400 listed companies in Taiwan, and provides outreach medical services and occupational disease prevention to companies and factories. Sheng-Hong Medicine Inc. currently operates four main service lines, including health checkups, health professional outsourcing, pharmaceutical services and asset management.

As a result of this strategic alliance, Sheng-Hong Medicine will design customized annual and new staff health checkup programs for TSMC employees, and carry out a 5-year wellness (health prevention) program to help TSMC employees in health management, disease prevention and follow-ups.

Sheng-Hong Medicine's outreach medical service providers and health professional outsourcing service providers are experienced in community care and the execution of health education programs. They hope to apply the concept of health management to the community and serve as the guard for laborers' health.

Backed up by Missioncare, Sheng-Hong Medicine operates a wide range of health related services including group purchasing, equipment leasing, health management, central laboratory, and tele-medicine. In 2008, turnover is expected to reach 1 billion NTD with a forecasted EPS of 5 NTD. It will soon become the first IPO company of the Missioncare health system in 2010.

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