After Yile Medical and Health Center in Zhangqiu, Shandong Energy Group is about to open another nursing home for the aged.
This institution, named Yile nursing home for the Aged, was built by Shuangshan hospital, in whose premise it is also located. A long corridor connects Yile and the outpatient building of Shuangshan hospital. In case of sudden illness, the elderly can be sent to the outpatient clinic immediately through this corridor.
Shandong Energy Group boasts numerous real estates left by now-closed mines including dormitories, guest houses, restaurants and so on. These unused houses are uniquely positioned for retirement facilities.
Last year, Shandong Energy Group invested 3 billion yuan to establish Shandong Healthcare Industry Development Group, which has elevated the health care industry into one of the main businesses of the Group. Shandong Energy Group has more than 70 hospitals and medical institutions, including 24 secondary and tertiary hospitals, which are distributed in many cities in the province. There are 10,603 professional medical and technical personnel, with 12,600 open beds and annual outpatient visits of 5 million. Although the profit is not high, it can provide a steady stream of cash flow.