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ORGANIZATION AND BASIS OF PRESENTATION | 12 Months Ended
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Dec. 31, 2016
ORGANIZATION AND BASIS OF PRESENTATION [Abstract] |
ORGANIZATION AND BASIS OF PRESENTATION |
| 1. | ORGANIZATION AND BASIS OF PRESENTATION
The accompanying consolidated financial statements include the financial statements of Concord Medical Services Holdings Limited (the “Company”) and its subsidiaries. The Company and its subsidiaries are collectively referred to as the “Group”. The Group is principally engaged in the leasing of radiotherapy and diagnostic imaging equipment, and the provision of management services to hospitals. Starting April 2015, the Group is also engaged in hospital operations as a result of the acquisition of Concord Healthcare Singapore Pte. Ltd. (note 4). The Group develops and operates its business through its subsidiaries. Details of the Company’s subsidiaries as of December 31, 2016 are as follows:
Company |  | Date of establishment/acquisition |  | Place of establishment |  | Percentage of ownership by the Company |  |  | Principal activities
Ascendium Group Limited (“Ascendium”) |  | September 10, 2007 |  | British Virgin Islands (“BVI”) |  |  | 100 | % |  | Investment holding
Our Medical Services Limited (“OMS”) |  | August 22, 1996 |  | BVI |  |  | 100 | % |  | Investment holding
Medstar Oversea Ltd. (“Medstar Overseas”) |  | September 22, 2011 |  | BVI |  |  | 100 | % |  | Investment holding
US Proton Therapy Holdings Limited (“Proton BVI”) |  | May 16, 2011 |  | BVI |  |  | 100 | % |  | Investment holding
US Proton Therapy Holdings Limited (“US Proton”) |  | June 29, 2011 |  | United States of America |  |  | 100 | % |  | Investment holding
Concord Medical Services (International) Pte. Ltd. (“China Medstar”) (formerly known as China Medstar Pte. Limited) |  | August 8, 2003 |  | Singapore |  |  | 100 | % |  | Investment holding
Cyber Medical Networks Limited (“Cyber”) |  | May 26, 2006 |  | Hong Kong |  |  | 100 | % |  | Investment holding
China Medical Services (Holdings) Limited (“CMS Holdings”) |  | July 18, 2008 |  | Hong Kong |  |  | 100 | % |  | Investment holding
King Cheers Holdings Limited (“King Cheers”) |  | May 18, 2001 |  | Hong Kong |  |  | 100 | % |  | Investment holding
Shenzhen Aohua Medical Technology and Services Co., Ltd. (“AMT”) |  | February 21, 2008 |  | PRC |  |  | 100 | % |  | Leasing of medical equipment and provision of management services
Medstar (Shanghai) Leasing Co., Ltd. (“MSC”) |  | March 21, 2003 |  | PRC |  |  | 99 | % |  | Leasing of medical equipment and provision of management services
Beijing MeizhongJiahe Hospital Management Co., Ltd. (“MHM”) |  | July 23, 2008 |  | PRC |  |  | 85.34 | % |  | Provision of management services
Beijing Yundu Internet Technology Co., Ltd. (“Yundu”) |  | July 26, 2007 |  | PRC |  |  | 100 | % |  | Provision of management services
Tianjin Concord Medical Technology Limited |  | April 22, 2010 |  | PRC |  |  | 100 | % |  | Leasing of medical equipment and provision of management services
Guangzhou Jinkangshenyou Investment Co., Ltd. (“JKSY”) |  | August 12, 2010 |  | PRC |  |  | 100 | % |  | Leasing of medical equipment
Company |  | Date of establishment/acquisition |  | Place of establishment |  | Percentage of ownership by the Company |  |  | Principal activities
Guangzhou Concord Medical Cancer Hospital Co., Ltd. (“GZ Proton”) |  | June 29, 2011 |  | PRC |  |  | 70 | % |  | Medical technology research and development, and provision of management and consulting services.
CCM (Hong Kong) Medical Investments Limited (“CCM (HK)”)** |  | June 03, 2013 |  | Hong Kong |  |  | 85.34 | % |  | Investment holding
CMS Radiotherapy Holdings Limited (“CMS (USA)”) |  | August 13, 2013 |  | United States of America |  |  | 100 | % |  | Investment holding
Shenzhen Concord Medical Investment Limited (“SZ CMS”) |  | January 10, 2014 |  | PRC |  |  | 100 | % |  | Investment holding
Shanghai Concord Oncology Hospital Limited (“SHC”)** |  | March 17, 2014 |  | PRC |  |  | 90 | % |  | Group’s medical treatment and service business
Global Medical Imaging (HongKong) Limited. (“GMI”) |  | May 26, 2014 |  | Hong Kong |  |  | 100 | % |  | Investment holding
Allcure Medical Holdings Limited (“Allcure BVI”) |  | July 29, 2014 |  | BVI |  |  | 100 | % |  | Investment holding
Datong MeizhongJiahe Cancer Center (“DTMZ”) |  | October 23, 2014 |  | PRC |  |  | 100 | % |  | Group’s medical treatment and service business
Concord Healthcare Singapore Pte. Ltd. (“CHS”) |  | April1, 2015 |  | Singapore |  |  | 100 | % |  | Group’s medical treatment and service business
Wuxi Concord Medical Development Ltd.("Wuxi Concord”) |  | December 29, 2015 |  | PRC |  |  | 100 | % |  | Group’s medical treatment and service business
Beijing Allcure Medical Technology Ltd. |  | February 5, 2015 |  | PRC |  |  | 100 | % |  | Group’s medical treatment and service business
Concord Hospital Management Group Ltd. |  | July 7, 2015 |  | Hong Kong |  |  | 100 | % |  | Group’s medical treatment and service business
Beijing Concord Medical Technology Ltd. |  | January 4, 2016 |  | PRC |  |  | 100 | % |  | Provision of management services
Beijing Century Friendship Science & Technology Development Co., Ltd. ("Beijing Century Friendship") |  | January 27, 2016 |  | PRC |  |  | 100 | % |  | Group's medical treatment and service business
Beijing Proton Therapy Center (“BPMC” ) |  | January 27, 2016 |  | PRC |  |  | 80 | % |  | Group’s medical treatment and service business
Taizhou Concord Leasing Ltd. |  | April 20, 2016 |  | PRC |  |  | 100 | % |  | Group’s medical treatment and service business
The Company was incorporated under the laws of the Cayman Islands on November 27, 2007. On December 16, 2009, the Company completed its initial public offering of 12,000,000 American Depositary Shares (“ADSs”) at US$11.0 per ADS. Each ADS comprises three ordinary shares of the Company. The net proceeds to the Company from the offering amounted to approximately RMB813,938 (US$119,211), net of underwriter commission and issuance costs. *On August 27, 2015, the Group changed the name of CMS Hospital Management Co., Ltd. (“CHM”) to Beijing MeizhongJiahe Hospital Management Co., Ltd. (“MHM”), providing management service to the Group’s existing network. On September 29, 2016, MHM completed its first round private offering of 926,000 ordinary shares to five institutional investors with a consideration of RMB41,670 (US$6,002), among which one investor thereafter transferred all the shares acquired back to the Group in the secondary market. In November 2016, the Group sold 1,483,000 ordinary shares to and bought 10,000 ordinary shares from other existing shareholders in the secondary market. On December 30, 2016, MHM completed its second round private offering of additional 6,666,666 ordinary shares to two new institutional investors with a consideration of RMB100,000 (US$14,403). After the completion of all transactions mentioned above, the Group ultimately holds 85.34% equity interest in MHM. **On September 9, 2015, CCM (HK) issued (i) 61,302,441 shares to Gopher CCM limited (“Gopher”), an entity controlled by a director of the Company, for a consideration of US$7,859 and (ii) 366,685,949 shares to Ascendium for a consideration of US$47,011, among which US$40,728 has been injected in 2015. As a result, Gopher holds 14.29% equity interest of CCM (HK) and through which, Gopher indirectly holds 10% of SHC, which is 70% owned by CCM (HK) and Ascendium holds 85.71% equity interest of CCM (HK). On December 29, 2015, the Group set up Wuxi Concord Medical Development Ltd. for the purpose to develop Group’s medical treatment and service business. On January 4, 2016, the Group set up Beijing Concord Medical Technology Ltd. for the purpose to provide management services. On January 27, 2016 the Group acquired 100% equity interest in Beijing Century Friendship and additional 55% equity interest in BPMC and ultimately hold 80% equity interest in BPMC. On March 30 and April 20, 2016, the Group set up Beijing Proton Therapy Center, Shanghai Taifeng Medical Technology Ltd and Taizhou Concord Leasing Ltd. for the purpose to develop Group’s medical treatment and service business. On September 26, 2016, MSC introduced a new shareholder Shanghai Huifu Technology Development Co., Ltd. (“Shanghai Huifu”). After this process, the equity interest in MSC owned by the Group changed from 100% to 99%.

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