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Ping An To Invest RMB 500 Million In Healthcare Industry

This article was originally published in PharmAsia News

Executive Summary

Ping An Trust & Investment, a subsidiary of Ping An Insurance (Group), and Guangzhou Zhongda Holding have jointly set up the Guangzhou Yikang clinic chain with a total investment of RMB 200-500 million ($29.3-73 million). This represents Ping An's first launch of medical institutions since it entered the healthcare industry. With funding of RMB 8 million, the first Yikang clinic took about one year to go into operation, including negotiations, approval, location set-up and recruitment. Ten more clinics will be opened in the Pearl River Delta this year. Yikang will engage Hong Kong-based Town Health International Holdings as its management consultant to introduce an advanced medical service model. (Click here for more - Chinese Language)
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