It currently has one U.S. location.

Aier Eye Hospital, a company that operates over 170 locations in China, is looking to the U.S. for growth, Forbes contributor Ellen Sheng reports.

In China, the company's business model involves running eye hospitals in smaller cities and underserved areas. It will use the same approach in the U.S., according to Forbes.

Aier last year set up a U.S. subsidiary called Aier (U.S.A.) International Holdings Inc. and has since bought Wang Vision Institute in Nashville. The laser vision center is the practice of Dr. Ming Wang, an eye surgeon who is serving as CEO of the U.S. subsidiary.

The goal for now is to open locations in other Tennessee communities, Forbes reports. After that, Aier will consider building or buying eye hospitals nationwide.

Wang told Forbes that the U.S. clinics will "will have significant elective out-of-pocket paying procedures."

The U.S. subsidiary has an initial fund of $50 million, according to the Tennessean.

The company "is building 20 hospitals a month in China with a goal of having 1,000 eye hospitals in the next few years," the newspaper reports.

Aier also operates more than 75 locations in Europe, according to Forbes. In all, it employs 25,000 people.

Read more at Forbes

This story is tagged under:
 
SPONSORED VIDEO

Hear What the Industry Thinks About the Ultimate Lens Package by Essilor

Eye care professionals, patients, and Essilor sales consultants shared their feedback on the Ultimate Lens Package. Watch to see why they believe the innovation behind the lens can make the difference for your practice and for your patients. For more information on the Ultimate Lens Package, contact an Essilor Sales Consultant or click here.


INVISIONMAG ON INSTAGRAM

Promoted Headlines