西安七星级医院重整“生死局”

Core Viewpoint - The Xi'an New Chang'an Maternity Hospital is undergoing bankruptcy restructuring, with the Xi'an Intermediate People's Court appointing a management company to oversee the process and recruit investors for restructuring [1][3][22]. Company Overview - Xi'an New Chang'an Maternity Hospital, established in June 2019, was built with an investment of 1.1 billion yuan, aiming to capture the high-end medical market [3][8][10]. - The hospital was transformed from the former Xi'an Afang Palace Hotel, which opened in 1990 and was a prominent five-star hotel before its decline [4][6][8]. Financial Situation - As of the announcement, the total registered debt amounts to 1.722 billion yuan, with the final amount to be confirmed by a creditors' meeting [3][23]. - The hospital's assets include a land use right of 14,866.50 square meters and a building area of 42,233.99 square meters, alongside various medical and office equipment [23]. Market Context - The hospital was launched during a period of increased birth rates due to the "two-child policy," which led to a surge in the maternal and infant market [12]. - However, the birth rate has significantly declined, with national statistics showing a drop from 17.23 million births in 2017 to 9.02 million in 2023, impacting demand for high-end maternity services [19]. Operational Challenges - Despite initial success, the hospital faced operational difficulties due to high costs, competition from public hospitals, and a lack of significant differentiation in service pricing [15][19]. - Reports of unpaid wages and legal disputes have emerged, with over 50 lawsuits filed against the hospital, indicating severe operational distress [20][21]. Restructuring Efforts - The hospital has initiated bankruptcy restructuring to attract investors and optimize its debt structure, with the aim of reviving its operations [21][22]. - The restructuring process is complicated by the ongoing decline in market demand and the hospital's substantial debt burden, posing challenges for potential investors [27].