China’s first listed psychiatric hospital set to break taboo

 20-Nov-15, South China Morning Post 

China’s first listed psychiatric hospital is on track to break the mental-health taboo in a country where such illnesses are still stigmatised by traditional perceptions.

Image: SCMP / Bruce Yan

Due to begin trading on 27-Nov-15, privately-owned Wenzhou Kangning Hospital is set to raise HKD681 million in a Hong Kong initial public offering by selling 17.6 million shares priced at HKD38.7, the upper end of the indicative range of HKD32.1 to HKD38.7.

Guan Weili, chairman and founder of the Wenzhou-based operation, said overstressed young adults accounted for most of the outpatients at the hospital, with insomnia, anxiety and depression being the three most-commonly treated illnesses. “These diseases have been on the rise and are very common among ordinary people,” he said.

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 Elsevier APAC Healthcare Update