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Entering the capital market has become an international trend for healthcare industry around the world. The stock exchange listing of healthcare companies acts as a financing conduit to facilitate not only obtaining long-term funds but also achieving operational efficiency and economies of scale. These benefits include attracting multi-talented experts with the knowledge of medical care, capital market and management skill, and realizing the separation of ownership and management. As a result of these benefits, medical care institutions in Taiwan can be sustainable in the long run. Taiwan''s private medical care institutions, including hospitals, clinics, clinical laboratory, care centers, elderly care centers and nursing homes, etc., are required to designate a medical professional licensed physicians, nurses, examiner, nurse, etc. as a person in charge (i.e., the owner of business) when applying for registration. In accordance with the Medical Care Act and other regulations, Taiwan''s private medical care institutions are not allowed to be incorporated limited by shares or profit seeking. Subject to the requirements of medical professionals as persons in charge and owners of private medical care institutions, the resulting impact on their financing and management capacities hinders or obstructs them to have easy access to long-term funds through capital market financing and to enhance operational efficiency and economies of scale, and to gain internationally competitive edge in the medical services industry.
Chinese profit-seeking medical care institutions and organizations are allowed to be incorporated limited by shares. The characteristics of Chinese profit-seeking medical care institutions entering the capital market are summarized as the following:
1. The design of statutory representative allows the legal person or natural person of non-medical professional licensed physicians to invest medical care institutions.
2. The main person responsible for the identity of the physician must ensure that the medical profession of medical properties.
3. The form of ownership can stock cooperative system, medical care institutions by way of acquisition of equity trading.
4. Profit-seeking medical care institution may calculate the distribution of profits by proportion of shares held.
5. The public offering of stock can enter the capital market to raise long-term funds.
This study describes the first medical-related laws and regulations in force in Taiwan to enter the capital market restrictions and the impact of medical institutions, further analysis of how Taiwan OTC companies to bypass the detour statute of limitations run medical care institutions and their impact on the relevant financial statements and disclosure of expression. The Shenzhen Stock Exchange GEM public offering case studies on the current status of China''s first through profit medical institutions, in-depth understanding of the actual investment in China social capital medical institutions business model. And Chinese profit-seeking medical care institutions to enter the capital market status, made several recommendations as to solve the Taiwan private medical care institutions to enter the reference to the capital market barriers.
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