[ 中文English]
HOME ABOUT YI FANG CORE INDUSTRIES NEWS VIDEOS
HOME > NEWS > GROUP NEWS > Big News: China Taiping and Yi Fang Gro

Big News: China Taiping and Yi Fang Group Join Hands to Enter the Big Health Industry

Date 2016-12-23  

On December 14th, China Taiping Insurance Group Ltd. (China Taiping) and Yi Fang Group (Yifang) concluded an agreement to set up the Taiping-Yifang Big Health Industry Private Equity Fund, another huge step forward taken by Yifang towards the dominance in medical health industry. Guided by the national strategy to develop the big health industry, Yifang, a vice-ministerial central enterprise on the Fortune 500 list, joined hands with Taiping Insurance, an investment giant in China. The collaboration built a new line of defense for the happiness of 418 million senior citizens.

 

A blue ocean strategy for health industry

The Fund was initiated by Taiping Senior Living Management Co., Ltd., a subsidiary of China Taiping Insurance Group Ltd. dedicated to the investment and asset management of senior health and medical industry. The company also provides investment consultation for the Fund. Partners of the Fund include Dalian Yi Fang Group Co., Ltd. and Taiping Life Insurance Co., Ltd. The RMB800 million fund is devoted to developing innovative products catering to the needs of quality health and medical services and the competition in the international arena.

In addition to the establishment of the Fund, China Taiping and Yifang entered into a co-investment agreement to build the Dalian Swan Lake Medical Care Center. To complement each other’s advantages and achieve win-win results, the two parties reached many consensuses on future cooperation in areas of endowment insurance products, medical care investment, drug production, rehabilitation of the aged, chronic diseases management, and big health projects. In the long run, the two parties will deepen and speed up the strategic cooperation in the big health industry.

Dalian Swan Lake Medical Care Center is positioned as a middle and high-end project for senior citizens with or without the ability to care themselves. Focusing on daily care, medical treatment and nursing, the center carries out care and health management in strict accordance with the needs of the senior citizens. To guarantee the quality of service, China Taiping and Yifang have introduced the philosophy of Watermark Retirement Communities, one of the premier senior living companies in the US.

The center is also a pilot project for the integration of medical treatment and nursing care. As soon as there is a feasible and mature model, China Taiping and Yifang will promote it across the country. To cope with the aging problem and develop the senior living industry, the two parties will, on the one hand, provide more beds to senior citizens, especially nursing beds, and, on the other hand, improve the quality of medical treatment and nursing care.  

Alliance between giants

As one of the four state-owned insurance groups, China Taiping is a time-honored name in China’s insurance industry. One of the subsidiaries of the group, Taiping Senior Living Management Co., Ltd., is developing a leading investment and operation platform for the senior living and health industry. Boasting rich experience and resources, the subsidiary now engages in the investment, operation and management of senior living across the country.

Taiping-Yifang Big Health Industry Private Equity Fund marks the first real attempt of both parties to build a private equity fund for big health and senior living industry. Over 15 years, Yifang has acquired rich experience, resources and reputation in areas of strategic investment, medical health, real estate, and education/entertainment/sports. The group is operating in regions like Beijing, Shanghai, Shenzhen, Dalian, Shenyang, Sydney, etc. In the recent ten years, Yifang has been preparing to enter the big health industry and it has invested in famous enterprises like Jiang Zhong Group, CDIG, Aeon Life Insurance, and Infront Sports & Media, and established strategic cooperation with Academy of Military Medical Sciences and Shanghai Everjoy Health Group Co., Ltd. With abundant medical and health management resources, the group will dig deeper into the big health industry and invest on a series of innovative enterprises and projects.

Great minds think alike. The cooperation reflects the shared vision of between China Taiping and Yifang. The two parties will make concerted efforts to deepen the cooperation, and promote the development of the big health industry in China.