United Family Medical is sold by TPG! Xinfeng Tianyu creates the largest listed comprehensive medical service company in China, with a value of about $1.44 billion

According to Xinfeng Tianyu official, on July 30, 2019, TPG, the world's leading alternative asset company, announced that it would sell its stake in United Family Medical to Xinfeng Tianyu, aiming to build China's largest listed integrated medical service company According to the agreement, Xinfeng Tianyu will purchase united family from TPG, Fosun Pharmaceutical and other existing shareholders After the acquisition, the company will become one of the largest listed comprehensive private medical service institutions in China After the completion of the transaction, the enterprise value of the company is about $1.44 billion After the acquisition, Xinfeng Tianyu company will be renamed as "Xinfeng medical group" and continue to be committed to providing high-quality and comprehensive health care services in China In the future, it plans to achieve sustainable development through endogenous growth and strategic acquisition In order to support this acquisition and provide working capital for the company in the future, Xinfeng Tianyu raised a total of 478 million US dollars in cash (deposited in the company's trust account) and forward purchase commitment through IPO, and then raised additional equity subscription commitments to a series of well-known investors (including vivo capital, Nanfeng group, a series of strategic investors and international asset management company) $711 million ($10.00 per share) New wind sky expects at least $565 million of the $711 million subscription commitment to support the acquisition In addition, 90 million US dollars of the above-mentioned cash deposited in the trust account has been promised by investors not to redeem the shares held in Xinfeng Tianyu In this transaction, the existing management of United Family and Fosun Pharmaceutical will retain part of the equity and hold about 12% of the company's shares after the completion of the transaction After this transaction, Fosun Pharmaceutical, as a leading pharmaceutical and health industry group in China, will continue to maintain its position as a strategic shareholder of harmonious parenthood In addition, Xinfeng Tianyu also obtained debt financing commitment letters from several banks, and the lender promised to provide financing of up to US $300 million to Xinfeng Tianyu through priority term loans >>>>Future planning of united family medical system united family medical system was established in 1997 With its long business history and international standard medical services, it has become one of the most famous brands in China's medical service industry It has 9 hospitals (two under construction) and 14 clinics in four first tier cities and a batch of second tier cities It is estimated that the operating revenue in 2019 will be about 2.5 billion yuan As part of the deal, united family will acquire the exclusive right to operate the hospital assets of Xinfeng Tianyu group with a total area of 64000 square meters in the center of Shenzhen The project will strongly support the future development of harmonious family asset management strategy In terms of revenue, united family has become one of the largest comprehensive private medical service providers in China At the same time, united family is also one of the few private comprehensive medical institutions in China with nationwide coverage It provides medical services with general practice as the center and throughout the whole life cycle, including primary health care, family medicine, pediatrics and obstetrics, gynecology, test tube baby, surgery, orthopedics, oncology, etc Services include primary care, physical examination and prevention, consultation, diagnosis, treatment and surgical services, as well as patient-centered chronic and acute disease care The new appointments are as follows: Mr Liang Jinsong, chairman and co-founder of Xinfeng Tianyu group, will be chairman of the board of directors of the company; Roberta Lipson, founder and CEO of united family medical, will be CEO of Xinfeng Tianyu medical; Mr Wu Qinan, CEO and co-founder of Xinfeng Tianyu group, will lead the new Executive Committee of the board of directors, assist in supporting and leading the management to further promote the development of Hejia medical As one of the largest and most brand recognized comprehensive private medical operators in China, after the transaction, the new company will operate as Xinfeng Tianyu medical, and is expected to trade on the New York Stock Exchange with the code "NFH" Liang Jinsong, co-founder and CEO of Xinfeng Tianyu group and Xinfeng Tianyu medical, said: "we are very pleased to conclude this transaction with TPG, and thank TPG for its strong support for the development of harmonious family during the investment period, which helped the company to double the number of hospitals and clinics, and triple the number of beds Health care has always been an important strategic industry in xinfengtianyu We are very happy to start a new journey with united family We believe that relying on the successful operation and investment experience of both sides in China, we will become a strong strategic partner " Mr Chen Qiyu, chairman of Fosun pharma and co president of Fosun international, said: "Fosun Pharma is a long-term shareholder and supporter of harmony family We are very happy to continue to maintain the strategic shareholder status of harmony family after this major transaction with xinfengtianyu Fosun will continue to work to build an ecological closed-loop including medical services, medical insurance and medicine " "Thank you very much for TPG's support over the past five years We have benefited a lot from our cooperation with TPG," said Roberta Lipson, founder and CEO of united family Their experience in supporting healthcare companies in Asia and around the world has been invaluable for the sustainable development of amigo At the same time, we are also glad that amigo can return to the open market as the oldest top private medical service institution " "We will work closely with the management team on the basis of the success of united family to further promote business development," said Mr Wu Qinan, co-founder and CEO of new wind Tianyu group Our existing medical and health business portfolio can complement with the mature business of United Family and stimulate the potential to realize collaborative value I believe that we can build a stronger medical service platform with amigo and accelerate its expansion in the Chinese market We also believe that Ms Li Bijing and the existing management team share many values and vision with us As a team, we will work closely together to lead the united family to further achievements " TPG, founded in 1992, is a leading global alternative asset management company with assets under management of more than US $108 billion TPG's investment platform covers a variety of asset categories, including private equity, growth funds, real estate, credit and public funds For this transaction, TPG Asia capital partner Chen Yue said: "there is a huge demand for high-quality private health care in the Chinese market, and the market positioning of united family can meet this growing demand, which is also the original intention of our investment In the past five years, united family has achieved great success in clinical, operation and business, and expanded its business scope and customer base in all parts of China We are very proud of our common achievements We believe that the new wind heaven will push harmony home to a new height and make it continue to flourish We have worked happily with the United Family team in the past and wish them all the best in the future "