Exchange Database
Carlyle buys stake in health checkup firm
Carlyle Group LP, one of the world's largest private equity firms, said that it purchased a 13.5 percent stake in Meinian Onehealth Healthcare Co Ltd. The move underlines Carlyle's confidence in the development of preventive healthcare checkup services in China and the role private medical agencies play. The investment capital comes from Carlyle's yuan-denominated fund totaling 5 billion yuan ($789.24 million), which was established in 2010 with Beijing's municipal government, but the detailed amount was not provided. As the Chinese population matures, there is strong domestic demand for preventive healthcare checkup services, Carlyle said.
Founded in 2004, Shanghai-based Meinian Onehealth became China's largest private provider of preventive healthcare checkup services in 2011. The company owns a network of 83 clinics in 41 cities, including Shanghai, Beijing, Tianjin, Shenzhen and Chengdu. About 20 of them will open by the end of 2012.
Outcomes:
"The preventive healthcare checkup service industry of China is growing at 15 percent a year," said Feng Junyuan, managing director of the Carlyle Group. According to Feng, in addition to providing a global platform for sharing knowledge and best practices, Carlyle will leverage its healthcare industry expertise to support Meinian Onehealth's business development and expansion plans, develop its service offerings and enhance its position in the fast-growing healthcare industry.
Government?:
No
Type of Exchange:
business
Partners:
Carlyle Group LP
Meinian Onehealth Healthcare Co Ltd
Participants (Types):
businesspeople
Exchange Date:
Wednesday, August 15, 2012
Continuing:
No
Location:
China
*If you know more about this exchange, please contact us.