The Carlyle Group acquires 13.5% stake in Meinian Onehealth, China’s largest private preventive healthcare provider
A strong partnership to promote the well-being of the community
Beijing, China – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that its RMB fund Beijing Carlyle Investment Centre L.P. has acquired a 13.5% stake in Meinian Onehealth Healthcare (Group) Co., Ltd (Meinian Onehealth), the largest private provider of preventive healthcare check-up services in China. The RMB fund was established by Carlyle Asia Partners team with the support of the Beijing Municipal Government. Other financial terms were not disclosed.
Founded in 2004, Meinian Onehealth Healthcare (Group) Co., Ltd offers a wide range of general medical examinations, disease screening and value-added services such as doctor referrals and traditional Chinese preventive health services to individual and corporate customers. The company became China’s largest private provider of preventive healthcare check-up services in 2011, with the most extensive clinic network, including 83 clinics in 41 cities, around 20 of which will be opened by the end of this year.
“As the Chinese population matures and becomes increasingly aware of the importance of preventive care, there is a strong domestic demand for quality preventive healthcare check-up services. Meinian Onehealth is a prominent market player with an extensive national clinic network and an experienced management team. 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,” said Janine Feng, Managing Director of The Carlyle Group.
She added, “Carlyle is excited about the opportunity to partner with Meinian Onehealth as we support the long-term development of China’s healthcare industry and help improve the well-being of our community.”
Mr. Yu Rong, Chairman of Meinian Onehealth Healthcare (Group) Co., Ltd, said, “We are a strong believer and a long-time player in China’s preventive healthcare industry. As the industry leader, we aim to provide high-quality healthcare check-up services and integrated Chinese and Western preventive health services to both individual and corporate customers throughout our clinic network. We are excited to partner with Carlyle, and believe the partnership will enable us to focus on developing our business through clinic network expansion and service differentiation, as well as exploring more value-added initiatives to meet the growing demand in China.”
Carlyle is one of the first global private equity firms to establish a presence in China. It is also one of the first to have raised an RMB-denominated fund in the country, which is supported by strong domestic limited partners and invests in larger growth companies in China. To date, Carlyle’s buyout, growth capital, real estate and RMB funds have invested approximatelyUS$4 billion in more than 60 deals in China.
Carlyle has deep healthcare industry expertise and an extensive global healthcare portfolio. Its current investments include Concord Medical Service Co., the largest woundless medical service network in China; Healthscope Limited, the second largest private hospital provider in Australia; Integrated Dental Holdings and Associated Dental Practices, two major dental care providers in the U.K; Medical Park, a healthcare provider in Turkey; and Qualicorp, a full-service provider of health benefits management services in Brazil.
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About The Carlyle Group
The Carlyle Group (NASDAQ:CG) is a global alternative asset manager with $156 billion of assets under management in 99 active funds and 63 fund of funds vehicles as of June 30, 2012. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Fund of Funds Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has developed expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,300 people in 32 offices across six continents. www.carlyle.com
About Meinian Onehealth Healthcare (Group) Co., Ltd
Founded in 2004, Meinian Onehealth Healthcare (Group) Co., Ltd is the largest private provider of preventive healthcare check-up services in China. With its headquarters in Shanghai, Meinian Onehealth has established the most extensive clinic network, with 83 clinics in more than 40 cities, around 20 of which will be opened by the end of this year. Its clinic network covers major cities, including Beijing, Tianjin, Shenzhen, Chengdu, Chongqing, Shenyang, Dalian and Harbin. The company offers a wide range of general medical examinations, diseases screening and value-added services such as doctor referrals and traditional Chinese preventive health services to individual and corporate customers. Its corporate customers include multinational companies, State-owned enterprises and government-run public institutions, serving an estimate of more than 3 million individuals in 2012. www.health-100.cn.
Meinian Onehealth Healthcare (Group) Co., Ltd
Phone: +86 21 64031188
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