On 20 April, Sanpower International Healthcare Management Co., Ltd., a subsidiary of the Sanpower Group, signed a strategic partnership agreement with Shanghai Bennus Investment Management Co., Ltd. and established Sanpower Bennus Heath Industry Fund, a fund devoted to investment in the “Broad Health” industry ecosystem. Yuan Yafei, Chairman of Sanpower Group, attended and witnessed the signing ceremony.

According to a related head in Sanpower Group, Sanpower Bennus Heath Industry Fund will be backed with RMB ten billion, with the money raised in the first phase set at RMB three billion. The investment focus of this industry fund are health sectors that the government has approved for investment, including medical services, medical products, health care products, nutritional food, medical equipment, health care apparatus, leisure and fitness, health management and health consultations. Meanwhile, the key investment areas are first and second tier Chinese cities as well as regions with particular advantages in terms of resources.

In recent years, Sanpower Group has strengthened its position in the field of “Broad Health” and seen a number of achievements. In 2004, the group has participated in the restructuring of Xuzhou Third People's Hospital and, leveraging the technical strengths of Jiangsu Province Hospital to jointly establish Xuzhou North District Joint-stock Hospital with the aforementioned hospital. In January 2016, Nanjing Cenbest announced its acquisition of CO Group, the largest umbilical cord blood storage company in China, and Shandong cord blood bank, further expanding into the field of biotherapeutics. Before that, Sanpower also acquired Natali, Israel’s largest home-based senior care company, and A.S. Nursing Company, a professional housekeeping company, which is introducing advanced business models and management experience to China, improving competitiveness in senior care and further optimising the Sanpower industry position on senior care. After finishing these strategic moves, Sanpower has established a “Broad Health” industry position combining senior care, biotherapeutics, and hospital management under the “Broad Health” banner.

“As ‘Healthy China’ turns into a national development strategy, the wider health industry is also becoming an emerging industry with great market potential. This health industry fund has been established to seize the golden investment opportunities created by China’s health industry development, make full use of management experience from a professional investment group and risk control system, further strengthen the investment ability of Sanpower in the field of “Broad Health”, and create synergy with the development of already-established healthcare and health and senior-care services to expand Sanpower’s industrial ecosystem.” a Sanpower Group related head noted.

In the recent past, Sanpower International Health care reached a cooperation agreement with Jiangsu Province Hospital and Shanghai Bennus Health Management and Consulting Co., Ltd. The two parties will jointly build an industry cluster centre covering accurate disease diagnosis and treatment, chronic disease rehabilitation and prevention, senior care management and life science research. The centre’s first phase plan is to build a diagnosis and treatment centre with cancer treatment, maternity nursing, assisted reproduction, paediatrics, ophthalmology and plastic surgery. It is said that this international medical centre is the first investment project for the fund.