CLICK announced to expand service to the Community Care Service Voucher scheme for elderly (CCSV scheme) in Hong Kong

Core Viewpoint - Click Holdings Limited has entered into a collaboration with Care U Professional Nursing Service Limited to provide integrated home-based services for the elderly under the CCSV scheme in Hong Kong, marking a significant step in enhancing elderly care services in the region [1][2][5]. Group 1: Collaboration Details - Click Holdings and Care U will jointly provide integrated home-based services for the elderly under the CCSV scheme, making Click Holdings the first non-NGO private company to become a licensed recognized service provider under this scheme [1][2]. - The CCSV scheme operates on a "money-following-the-user" and "affordable users pay" subsidy model, allowing elderly individuals to select voucher values within specified limits, with government co-payment for services [3]. Group 2: Financial Aspects - For the 2024-25 period, the monthly ceiling and floor voucher values under the CCSV scheme are set at HK$10,455 (approximately US$1,340) and HK$4,372 (approximately US$561) per case, respectively [3]. - The scheme will provide a total of 10,000 vouchers for the 2023/24 fiscal year and 12,000 vouchers for the 2025/26 fiscal year, with an expected annual expenditure exceeding HK$900 million (around US$115 million) [3]. Group 3: Company Background and Strategy - Care U is a leading nursing service provider in Hong Kong, having accumulated over 3.4 million service hours and served more than 400 nursing/elderly homes and 1,000 private customers [4]. - Click Holdings views this collaboration as a strategic opportunity to strengthen its elderly care business and enhance the quality of its services, aiming to increase public awareness and drive growth in Hong Kong [5][6].