V-Capital Reaches Strategic Partnership with CITIC Medical & Health-V-Capital

On August 16th, 2018, the “V-Capital Global Partners Conference and The First Forum of Industries Reformers” was grandly held in Pudong Shangri-La, East Shanghai.

Themed on “Flew Over the Mountains: The Power of Industry Innovation”, the conference brought together government leaders at various levels, listed companies, more than 100 Chinese and foreign private equity firms, as well as those engaging in industries such as TMT, education, new economy, semi-conductor, comprehensive health, new energy, and intelligent manufacturing. Heated discussions were held on such topics as the macro-economic environment, industrial development trends, and how M&A funds promote industrial development.

Front left: Sun Hui, Deputy General Manager of CITIC Medical & Health
Front right: Tang Weiqing, Chairman of Huaxi Holding and V-Capital

At the conference, CITIC Medical & Health Group Co., Ltd. and V-Capital reached an important strategic partnership. It’s learned that CITIC Medical & Health, founded in June 2011, is a wholly-owned first-tier subsidiary of the CITIC Group. The company focuses on healthcare services, and mainly engages in elderly care services, health management, medicine distribution, and healthcare logistics services in line with the integrative growth strategy of combining asset, capital with light-asset operation, and empowering all business sectors with medical treatment, rehabilitation and elderly care. With the philosophy of life-cycle healthcare, it aims at developing distinguished comparative advantages in specialized fields.

Sponsor of the conference V-Capital has been an active player in the healthcare sector since its establishment in 2015, and has formed a professional healthcare team. In March 2018, V-Capital demonstrated its competence in the healthcare sector in the acquisition of Italy’s Nerviano Medical Sciences (NMS) Group, a case praised by overseas press as “Shanghai saved NMS”. The total value of the transaction amounted to around 300 million euro, including the fund for new investment and debt restructuring.

In hope of strengthened resource sharing and complementary advantages, and thus attaining favorable economic and social benefits, V-Capital and CITIC Medical & Health entered into this strategic partnership. The two sides will jointly promote exchanges of quality healthcare resources at both home and aboard, including but not limited to those of reproductive health and its upstream and downstream industries, biotechnology, drugs in oncology, AI in medicine, big data, and healthcare services, etc.

At the conference, Deputy General Manager of CITIC Medical & Health Sun Hui expressed his gratitude for being invited to the occasion, and admitted that the development of CITIC Medical & Health has been driven by its own foundations. As to the cooperation with V-Capital, he stressed that, CITIC Medical & Health is willing to do professional works with professionals, and the cooperation between a state-owned company and a professional institution is expected to create synergy that promises better results.

Notably, this strategic cooperation may become a powerful paradigm driving industry upgrade.