Concord Medical Services Holdings Limited (NYSE:CCM) signed a definitive agreement to acquire 19.98% interest in PTC-Houston Management, LP from the existing owners for approximately $32.3 million in cash on December 11, 2012. Concord Medical will join both the Board of Directors of the PTC-Houston and the Advisory Committee. PTC-Houston's and Concord Medical's Boards of Directors have approved the agreement. The transaction is subject to customary closing conditions and approvals. The transaction is expected to close by the end of 2012. The net impact to Concord Medical is expected to be accretive to EPS in 2013. Vickie Zhao and Richard Zubek of Solebury Communications acted as PR advisors for Concord Medical. Shuang Zhao, Lorna Chen, Pang Lee, Yi Zhang, Tina Li and Liyong Xing of Shearman & Sterling acted as legal advisor to Concord Medical Services Holdings Limited.

Concord Medical Services Holdings Limited (NYSE:CCM) completed the acquisition 19.98% interest in PTC-Houston Management, LP from the existing owners on January 4, 2013.