\n The addition of the largest specialist medical imaging practice in Hong Kong to Black Spade\u2019s investment portfolio highlights the family office\u2019s bullish view on the healthcare sector <\/p>\n
HONG
Photo caption (From left to right)<\/u><\/b><\/p>\n Dr. Matthew Ngan, Chairman of iRad<\/p>\n Ms. Crystal Yeung, Marketing Manager of iRad<\/p>\n Mr. Kin Wong, CEO of iRad<\/p>\n
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iRad currently operates four radiology clinics in prime locations across
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Mr. Dennis Tam, President and CEO of Black Spade Capital<\/b>, said, “We are very pleased with the acquisition.
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Dr. Matthew Ngan, Chairman of iRad<\/b>, said, “iRad has been committed to providing
Mr. Kin Wong, CEO of iRad<\/b>, said, “iRad is a name trusted and recognized by medical practitioners
\nKONG SAR –\u00a0Media
\nOutReach<\/a>\u00a0– 22 March 2021 –\u00a0Black Spade Capital Limited<\/a> (“Black Spade Capital<\/b>“), the family office of the casino magnate
\nLawrence Ho, has announced the acquisition of iRad Medical Holding Limited
\n(“iRad”), a Hong Kong-based diagnostic imaging practice. Following the
\nacquisition, Black Spade Capital will be the majority shareholder of iRad. <\/p>\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/134407\/black-image.jpg#image-134407\")
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\nHong Kong, including in Central, Jordan and Mongkok. Moreover, the practice has
\na workforce of close to 100 radiologists, radiographers, nurses and supporting
\nstaff members, who provide a wide spectrum of modalities including magnetic
\nresonance imaging (MRI), computed tomography (CT), mammography, ultrasound and
\nX-ray. iRad will continue to be led and managed by the founding team of the
\nmedical group, while Black Spade Capital will be working closely with the iRad
\nmanagement on strategies for its development and market expansion.<\/p>\n
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\nAccording to research conducted by Frost & Sullivan, iRad is the largest
\nspecialist medical imaging group in Hong Kong, based on revenue and market
\nshare. The growing expectations of the general public for reliable medical
\nservices present favourable opportunities for the private healthcare sector. We
\ntherefore see tremendous growth potential in iRad and will look forward to
\nwitnessing synergies between iRad and the other investments in our portfolio.”<\/p>\n
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\nquality medical services to society for over 15 years. It is one of a select
\nfew operators in Hong Kong that offer comprehensive radiology services. Such
\nservices are exactly what is needed to alleviate the considerable pressure on
\nthe Hong Kong public healthcare system due to growing demand, and thus ensure
\nthe sustainability of the entire healthcare ecosystem in Hong Kong. Meanwhile,
\nwe are capitalizing on our strength as market leader and have been formulating
\ndevelopment plans with Black Spade Capital that will expand our services not
\nonly in Hong Kong, but also the Greater Bay Area. We look forward to embarking
\non a new chapter of development with the support of Black Spade Capital.”<\/p>\n
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\nand patients alike. We are very optimistic about the market. The ageing
\npopulation, greater awareness of preventive healthcare by the public and
\ninitiatives such as Public-Private Partnership program in the medical sector
\nare all developments that will catalyse our growth. In seizing the
\nopportunities that emerge, we will be offering all-round services from our
\ndedicated team of radiologists who possess expertise in neuroradiology, cardiac,
\nmammogram, prostate, musculoskeletal imaging and other related disciplines.
\nFurthermore, by leveraging our relationship with Black Spade Capital, we will
\nbe well positioned to provide even more diversified healthcare services to
\nserve the community.”<\/p>\n
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