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China Health Care Firm Collaborates With Domestic Insurer

This article was originally published in PharmAsia News

Executive Summary

Ping An Insurance Group subsidiary Ping An Trust & Investment has acquired stakes in Ciming Health Checkup Group, the first such cooperation between an insurer and health care company in China. The firms did not disclose the investment amount but analysts estimate the share proportion taken up by Ping An to be no more than 15 percent and the investment capital less than 20 million yuan. Ciming's president explained that both parties are focusing more on the mutual business benefits than on funds; Ping An may reduce fraudulent claims risks by collaborating with a health care organization, while Ciming can expand its clientele base with policyholders recommended by the insurer. (Click here for more - Chinese Language)

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