MMR Information Systems, Inc. (OTCBB: MMRF) ("MMR"), and Unis-Tonghe Technology (Zhengzhou) Co., Ltd ("UNIS"), announced that they will enter into a definitive agreement by the end of this year to form a joint venture to build a customized version of MMR's proprietary personal health record ("PHR") services (www.mymedicalrecords.com) and professional document imaging and management solutions in China. Luo Jianhui, Vice President and Chairman of Unisoft Group, Unis-Tonghe Technology, and Robert H. Lorsch, Chairman and CEO of MMR Information Systems, Inc., made the announcement today following meetings held last week at UNIS' corporate offices adjacent to Tsinghua University in Beijing.
UNIS is a subsidiary of Unisplendour Corporation Limited (SHE: 00938) (www.unis.cn), one of China's leading IT firms employing more than 25,000 people. MMR's technology will support a UNIS medical records development project for China's 18,000 public hospital system and as many as 10,000 selected private hospitals throughout the country. China does not currently have a method of electronically acquiring, storing or transporting individual health records.
The meetings brought senior management and technology executives from MMR, UNIS and Nihilent, MMR's technology partner in India, together for a collaborative session on requirements to integrate the MyMedicalRecords Personal Health Record and MMRPro system (www.mymedicalrecordsmd.com) into a health IT platform that could be deployed throughout China's heathcare market. MMR also provides electronic safe deposit box storage solutions (www.myesafedepositbox.com) to the financial, legal and insurance industries which UNIS will help MMR introduce in China.
"China is embarking on the greatest healthcare reform in its modern history," Lorsch said. "The country will spend 180 billion RMB to create a fully electronic predictive health information network, including a Chinese version of MMR's popular Personal Health Record, integration of MMRPro and wellness tools to be available throughout the country. There are as many as 28,000 hospitals in China's 4,000 cities that do not have systems that talk to one another. By giving the Chinese population a copy of their own Personal Health Record, it helps ensure that anyone going to any hospital has the information necessary to obtain the best possible care."