当前我国医疗服务资源相对短缺，未来受到人口老龄化、消费升级和城镇化带来的影响，对医疗服务的需求将更趋强烈。我国大部分公立医院存在较大的经营管理提升空间，公立医院改革也将成为医改下一步的工作重点。社会投资的参与能够助推医疗体制改革，改善医疗服务供给，同时也有利于投资者完善投资组合，抵御周期波动，提高整体收益水平。当前是开展医疗服务产业投资的重要机遇期，但同时不应忽视政策、交易、经营中潜藏的风险。对于不熟悉这一领域的战略投资者，建议成立医疗服务投资管理平台，并从财务性投资逐渐向战略性并购过渡。
Currently, the supply of medical service in China is far not adequate to the demand. Impacted by aging of the population, consumption upgrading, as well as urbanization, demand of medical service is expected to grow rapidly in the future. Most public hospitals, being the focus of Medical System Reform in the next step, are in great need of management improvement. Involvement of social investment would both boost Medical System Reform, and increase supply of medical service. In the mean while, by investing in medical service industry, investors could possibly enrich their portfolio, smooth the fluctuation from economic circles, and enhance risk adjusted return. We are embracing a rare period of investment opportunities in this area. Nevertheless, risks lying in policy, transaction, and management should never be neglected. For strategic investors who are unfamiliar with this area, our suggestion is to establish a platform of medical service industry investment and operate through the platform, transitioning from financial investment to strategic M&A gradually.
