To Create One Of China’s Largest Publicly Listed Integrated Private Healthcare Services Company.
Hong Kong, July 30, 2019 — New Frontier Corporation (NYSE: NFC) (“NFC”), a public investment vehicle sponsored by New Frontier Group, and United Family Healthcare (“UFH”), one of the largest and most recognized integrated premium private healthcare operators in China, today announced that they have unanimously approved and entered into a definitive transaction agreement under which NFC will acquire UFH from its existing shareholders, including affiliates of TPG and Fosun Pharma, to create one of China’s largest publicly listed integrated healthcare services company.
On Feb 27th, 2019, Care Alliance, an affiliate of New Frontier Health, officially began to welcome patients to its newly opened geriatric rehabilitation ward at Care Alliance Rehabilitation Hospital of Chengdu after an elaborate preparation.
HONG KONG – New Frontier Health, a New Frontier Group company, announced today that it has acquired a medical facility from a China Resources Group for ¥1.12 billion.
As one of the fruitful results of the Hong Kong-Sichuan cooperation, the Tianfu New Area Rehab Medical Center has officially been launched on September 21, 2018
New Frontier Corporation Announces Pricing of Initial Public Offering and Committed Capital Raise of up to $447.5 Million in the Aggregate, Comprised of a $250 Million Initial Public Offering (up to $287.5 Million if the Underwriters Exercise their Over-allotment Option in Full), plus $181 Million in Committed Capital to Complete an Initial Business Combination.