Medical Care Technologies, Inc., a Nevada incorporated medical services and technology company with headquarters in Beijing, today announced the closing of a $130,000 loan agreement with a private company in Hong Kong to finance the completion and construction of its first children’s health and wellness center in Dongguan, Guangdong Province, China. The unsecured loan has an annual interest rate of 12% for two years. This is the last stage in funding needed to complete the licensing process of Medical Care Technologies’ Chinese subsidiary Teddyberry™ and Company.
“Achieving financial close is a crucial step forward in securing this license to deliver a state-of-the-art facility that will make a lasting impact on healthcare in Dongguan. We are excited and proud to direct an investment on behalf of our investor that will support the future operation of Teddyberry™ and Company,” said Luis Kuo, COO of Medical Care Technologies, in a press release.
The new Teddyberry and Company flagship health center will provide integrated and preventative health care services in a state of the art 4,000+ square foot facility. This clinic is part of the Company’s overall mission to become a leading healthcare service provider in children’s health by delivering family centered care that enhances the overall well-being of the family and community. Key elements include providing specialized care to children, with an emphasis on preventative services and wellness education.
Medical Care Technologies plans to open and operate private children’s health wellness facilities for middle to upper class Chinese families throughout China. Through its children’s health facilities, Medical Care Technologies also intends to distribute a diverse range of industry-leading pharmaceutical and nutraceutical product lines. In addition to the clinics, the company offers affordable, standardized and secure software information systems to connect healthcare providers, academic institutions, pharmaceutical and nutraceutical companies, alternative health companies and individual companies with healthcare information, products and services in China.
For more information on the company, please visit www.medicaretechinc.com
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