After successively buying the listed company Mecox Lane (US) and the time-honoured department store House of Fraser (UK), Sanpower Group has  recently successfully purchased Israel's largest home healthcare provider Natali Seculife Holding Ltd.

Sanpower Group has lately signed a definitive purchase agreement with the private equity fund Sky Group and Natali, and acquired 100% equity of Natali, previously held by the private equity fund Sky, at $70 million (about 432 million yuan). After the completion of the acquisition, Natali will maintain the management and staff led by current CEO Nimrod Altman, and continue to actively expand its core businesses.

It is learned that Natali is Israel's largest private healthcare company, founded in 1991. The company mainly provides services like remote monitoring, telemedicine, home assistance, emergency medical care, and preventive healthcare for school-age children, etc. It possesses 60% to 70% market share in the local medical service market in Israel.

Sanpower Group said that the acquisition of Natali is particularly important in terms of strategic layout. On the one hand, the Group will replicate Natali's successful healthcare business model in China, further expand the domestic healthcare business, as well as explore and implement the business models suitable for the Chinese market. On the other hand, the Group will orient Natali as the platform to carry out international M&As and expansion in the medical service field. Presently, the company has begun to deploy in Southeast Asia and Australia.

Prior to the acquisition of Natali, Sanpower Group has maintained a strategic alliance with Natali for nearly two years, and the Group's subsidiary Shanghai An Kang Tong Health Management Co., Ltd. is exactly intended to learn and replicate Natali's medical service model. In addition, Sanpower Group has also bought hospitals and property companies by virtue of its subsidiary Guangzhou Jinpeng, endeavouring to form a complete industrial chain of aged care and medical services, namely, the “zero distance” docking from aged care products and technology to the surrounding healthcare institutions and facilities to community endowment.

Presently, Sanpower Group has acquired Xuzhou Third People's Hospital, and plans to set up a new hospital in the city. In terms of property, Guangzhou Jinpeng Yuehua has purchased the local Yuehua Property, and is looking for other suitable property companies as the acquisition targets.

Sanpower Group spokesman Zou Yan said  that the Group not only hopes to build a complete industrial chain of health and aged care, but also would like to construct a health and aged care "grand chessboard" featuring multi-industry collaboration, high-efficiency operation, cross-regional and cross-border operation through its financial, department stores, 3C chain and real estate industries, namely, providing health and aged care consumption services via financial platform, providing product support via trade chain, providing technical solution via information production, and providing aged care base via real estate platform.

Sanpower Group owns a number of listed companies, including Hiteker (600122), Nanjing Cenbest (600682), Mecox Lane (NASDAQ: MCOX), Jinpeng Yuankang (430606), etc. Currently, the Group's total assets have exceeded 70 billion yuan, with its annual sales totalling 80 billion yuan.