China-focused investment firm New Frontier Corporation (NFC) agreed to acquire domestic private healthcare provider United Family Healthcare (UFH) from its existing shareholders including Fosun Pharma for US$1.3 billion.
According to an NFC statement, UFH will operate under the name of New Frontier Health Corporation, and become one of the largest publicly listed integrated healthcare services companies in China after the transaction.
Paul Hastings partner Yan Jia, who advised the selling shareholder Fosun Pharma, said the deal involved the complexity of dealing with expertise across various practices such as M&A and US securities law. He was also optimistic about the future prospect of China’s private healthcare market.
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