Singapore's Fullerton Healthcare gets USD121 mn investment from Ping An
28-Nov-17, The Business Times
Fullerton Healthcare announced that Ping An Capital has led an investment of more than RMB800 mn (USD121 mn) in the company, effectively becoming its second largest shareholder.
%20AIA%20Vitality.jpg "Singapores Fullerton Healthcare gets USD121 mn investment from Ping An (c) AIA Vitality")
Image: AIA Vitality
The provider of corporate healthcare solutions said that the partnership offered a platform for the business to expand its presence in the growing Chinese enterprise healthcare market.
In its first move, Fullerton Health plans to establish approximately 100 clinics in major cities of Beijing, Shanghai and Guangzhou.
Liu Dong, principal partner of Ping An Capital said that the investment will pave the way for Fullerton Health to adapt its business model in mainland China.