China Life PE invested in the RMB3.33bn equity financing of Shanghai United Imaging Healthcare (UIH) as the leading investor.
UIH is a leading high-end medical equipment developer and producer in China, and the only high tech firm capable of providing innovative healthcare solutions covering the entire healthcare cycle, from diagnostic imaging and radiation therapy to medical IT solutions.
“We are glad to lead in the investment in UIH which is a great company with competitiveness both in technology and talents, an excellent representative of Chinese high-end manufacturing. The firm is of full potential to compete with the global big names within this industry,” said Wan Yiqing, CEO of China Life Private Equity Investment Company.
UIH is gaining global recognition. United Image has become the only partner of Explorer in the world for the development of 2m PET-CT, which is 40 times of the current PET-CT and 1/40 of the current radiation dose.
Meanwhile, UIH installed its first PET-CT in Japan, making its debut in developed markets, which is also viewed as a starting point for a two way exchange for China in the medical equipment manufacturing.
“Our investment in UIH is strategic, and our goal is to make continuous efforts in helping UIH in delivering value to patients in China and even the world,” Wan added.