The new Shanghai Ruidong Hospital, recently bought out by a Taiwanese company headed by Chinese Nationalist Party (KMT) heavyweight Hsu Li-teh (徐立德), was inaugurated on Thursday as an institution providing upscale medical care mainly to China-based Taiwanese businesspeople and their families.
The hospital, formerly the Pudong branch of the Shanghai Ruijin Hospital, an affiliate of the Jiao Tong University School of Medicine, is the first Taiwanese-financed hospital in the Shanghai area to obtain a business license from Chinese authorities.
