Fullerton, Ping An Check In to Private Clinics
Singapore’s Fullerton Healthcare Corp. Ltd. is the latest health care company to gear up for an expansion in China, in an effort to tap the country’s aging and yet affluent middle class. Photo: Visual China
Singapore’s Fullerton Healthcare Corp. Ltd. said it has secured 800 million yuan ($121 million) from an investment arm of Ping An Insurance (Group) Co. of China Ltd. to build more clinics in China.
Fullerton, which has no operations in China, said its initial plan is to open at least 100 clinics in the major Chinese cities of Beijing, Shanghai and Guangzhou, the company said in a statement.
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