Fosun Health Receives RMB300 Million Strategic Investment from Foshan Chancheng District State-Owned Capital

Release time:2024-05-16 Content sourced from: Page View:


On 14 May, Fosun Health and Foshan Chancheng District Chanxi New City Investment and Construction Co., Ltd. (hereinafter referred to as "Foshan Chanxi City Investment") entered into a "Capital Increase and Share Expansion Agreement". According to the agreement, Foshan Chanxi City Investment proposed to designate entities (including funds, holding companies, or other entities) to make capital contribution in the amount of RMB300 million based on a pre-investment valuation of RMB10.2 billion to subscribe for RMB156 million in new registered capital of Fosun Health.

 

The announcement states that the proceeds of this capital increase will be used in Fosun Health's daily operations and business development, in order to further consolidate its unique features and advantages in the field of healthcare services.

 

On 23 February 2024, Fosun Health and the Foshan Chancheng District People's Government reached a "Deepening Cooperation Agreement". On 14 May, Fosun Health and Foshan Chanxi City Investment entered into a "Capital Increase and Share Expansion Agreement", under which Fosun Health received a strategic investment of RMB300 million from Foshan Chanxi City Investment.

 

Fosun Health has deeply cultivated key regions such as the Greater Bay Area and the Yangtze River Delta, and established an integrated innovative medical service system built upon offline hospitals and complemented by online medical capabilities. As of the end of 2023, Fosun Health operated a number of medical institutions, held 8 Internet hospital licenses, and had a total of 6,548 authorized beds in its controlled medical institutions. From 2021 to 2023, Fosun Health ranked among the top three of GAHA’s "Top 100 Social Medical and Hospital Groups" for three consecutive years, and its subsidiary Foshan Fosun Chancheng Hospital ranked first in GAHA’s "Non-public Hospitals" competitiveness list of for six consecutive years from 2018 to 2023.

 

Fosun Health is committed to building an "Asia’s leading and world-class medical and healthcare technology group". With medical care as its core, Fosun Health develops business layout in the fields of medical group, smart medical care and insurance empowerment, accelerating the development of "medical, pharmaceutical, insurance, and healthcare" integrated one-stop health management services. In the future, with the support of state-owned capital, Fosun Health will join hands with its member hospitals to continue to promote the high-quality development of hospitals, so as to benefit more patients.


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