Shandong Baofa Oncotherapy Corporation Limited was established in December 2002, registered capital of sixty million yuan. The company is subordinate units have Taimei Baofa Tumor Hospital, Jinan West City Hospital (Jinan Baofa Cancer Hospital), Beijing Baofa Cancer Hospital, Jinan Youke Medical Technology Co., Ltd and so on.

Chairman of Shandong Baofa Oncotherapy Corporation Limited is Professor Yu Baofa who's the Tenth National People's Congress, CPPCC members of Jinan City, the famous America returned cancer therapy expert.

In 1998 Professor Yubaofa founded the Taimei Baofa Tumor Hospital in Dongping, the hospital total investment of 30 million yuan, now fixed assets more than 50 million yuan , covering 70 acres, building area 20,000 square meters, 160 open beds, and with the international advanced of cancer diagnostic equipment, overall strength leading domestic.

In 2004 Professor Yubaofa also founded Jinan Cancer Hospital in Jinan. The hospital now carry out "Slow Release Storage Therapy", "Activation Radiotherapy", "Activation Chemotherapy", "Ozone Therapy", "Cold Fried Chinese Medicine", "Immunotherapy", "Psychotherapy" and many modern cancer treatment,  implementation of "integrated medicine" theory, treating the whole body early, middle and late stage tumors. The "Slow Release Storage Therapy" Signature Therapies that invented by Professor Yubaofa, has obtained the United States, China, Australia 3 national invention patent. The "Slow Release Storage Therapy" has successfully treated more than 10,000 cancer patients where from more than 30 provinces and cities including Hong Kong, Macao and Taiwan, the autonomous regions and special administrative regions and the United States, Russia, Canada, Japan, Singapore, South Africa and other 11 countries, and achieved good results, for the majority of cancer patients relieve pain, have created one after another life miracle.

For broader development of medical and health services, the company in November 1, 2012 founded Beijing Baofa Cancer Hospital in Beijing, relying on the capital's convenient traffic conditions, so that more cancer patients can be more timely, more convenient to get "Slow Release Storage Therapy" gospel.