I Can Talk to the Internal Organs

Looking at the furious Lu Jiu storming off, Song Wen Road was a bit bewildered.

There’s a saying that even if a business deal doesn’t work out, goodwill remains. Why did this person start cursing?

And I offered him two hundred million.

You’re a young man not yet thirty; you might not earn this much in your lifetime. Why wouldn’t you even listen?

Song Wen Road couldn’t quite figure out Lu Jiu’s mindset.

Last year, a century-old traditional medicine company sold sixty-six percent of its shares for only 250 million.

Lu Jiu TCM Hospital is just a private Traditional Chinese Medicine Hospital established less than a year ago. Two hundred million was already the highest price he could offer.

He thought that with such an amount of money, he could easily daze Lu Jiu, but this guy didn’t even give him a chance to negotiate.

This quite surprised Song Wen Road.

In today’s world, there aren’t many people who don’t recognize the value of money.

Returning to Qixi Grand Hotel, Song Wen Road met up with his partner.

"So, how did the negotiation go?" Lv Zhaoqun asked.

Song Wen Road shook his head, "He refused."

Lv Zhaoqun asked curiously, "How much did you offer?"

Song Wen Road said, "Two hundred million."

He not only refused this amount but was very firm and didn’t give me any chance to negotiate.

Lv Zhaoqun frowned, "Can we approach other people to talk?"

Song Wen Road said, "It’s not likely. I’ve checked their hospital’s equity structure. Besides him, there are three others: one named Huang Fusheng, another named Shen Congwei, and one is Wei Medical Hall. The latter three don’t participate in actual management, and from the equity structure, Lu Jiu holds the highest percentage, so he has the most say in this hospital."

Lv Zhaoqun said, "Can’t we buy the shares from Huang Fusheng and Shen Congwei? Together their shares should surpass Lu Jiu’s."

Song Wen Road shook his head, "I’ve checked. Huang Fusheng is Lu Jiu’s teacher, and Shen Congwei is Lu Jiu’s principal. They set up this hospital to have Lu Jiu as the dean, which is quite obvious. They want to create a pilot hospital to align with national policies; profitability is secondary for them."

"You should also have investigated their hospital’s system structure these past few days. Share your thoughts."

Lv Zhaoqun said, "It’s very unusual. Their profits are substantial, estimated at no less than thirty to forty million, but their profit distribution is unlike any other hospital in the country. The doctors’ salaries are astonishingly high, some even earning a million a month."

"No county-level hospital in the country can achieve this. They almost allocate a third of their revenue to paying doctors."

"Moreover, they have a disease cure rate system. The more patients a doctor successfully treats, the more salary they earn, which has nothing to do with how much medicine they prescribe. The most shocking thing is, for incurable diseases, they refund half of the medical fees."

Song Wen Road was stunned, "And with this, they can still turn a profit of thirty to forty million?"

Lv Zhaoqun nodded, "I couldn’t believe it at first either, but looking at data from multiple sources, they indeed have this capability because their medicinal diet department is massively profitable. It seems they’ve doubled its size recently. In a few months, their profits might break fifty million."

"I calculated this using the most conservative methods, so our previous valuation could be underestimated, and backed by Wei Medical Hall, the resources they obtain far surpass their intrinsic value."

Song Wen Road said, "No wonder two hundred million couldn’t sway him. At their growth rate, it’ll likely require five hundred million."

Lv Zhaoqun said, "But the organization hasn’t given us that kind of funding. Spending all this money on a single hospital seems too uneconomical. I feel their model, while novel, might not be sustainable. Just like we previously estimated, they might not even be able to expand beyond Jianghan."

Song Wen Road shook his head, "Among the eight pilot cities in Huaxia, except for Jianghan, other cities are developing step-by-step without significant changes, mostly still in a state of medical-pharmaceutical separation. Local medicinal material bases have no direct cooperation with TCM institutions, only Jianghan, where after establishing a medicinal material base, they’ve also founded a hospital, thus securely binding the hospital and the medicinal base together."

"Any fluctuation in the external medicinal market won’t affect Jianghan. Jianghan, through medical-pharmaceutical integration, can extend its influence to surrounding cities, allowing them to buy good, affordable medicinal materials and also receive high-quality medical treatments. This is the key point."

"Once this model is widely promoted, the rise of Huaxia’s TCM hospitals will exceed our expectations, and now Huaxia’s officialdom hasn’t yet noticed Jianghan or understood much about its situation. So, no matter the cost, this hospital must be acquired."

Lv Zhaoqun said, "What if he’s adamant about not selling?"

Hearing this, Song Wen Road was silent for a moment.

Adamant about not selling...

"Then find a way to discredit his hospital."

Lv Zhaoqun frowned, "I doubt that would be effective. Given their reputation in Jianghan City, unless multiple medical accidents occur, which is almost impossible for their hospital, during these days of investigation, I heard they frequently visit patients who received treatments. If there’s any dissatisfaction during treatment, patients can bring it up with the hospital, and if it’s verified, they can even receive compensation."

"For a hospital to operate to such a degree, I can’t imagine any medical accident ruining its reputation. Even if there were, do you think the two of us could accomplish that? Aside from funding, the organization hasn’t provided us with many people."