Ping An is now second largest shareholder of Fullerton Healthcare after $163.3 mil investment

SINGAPORE (Nov 28): Fullerton Healthcare Corporation, which deferred plans for an IPO last year, has received a significant investment of more than RMB800 million ($163.3 million) from Ping An Capital.

Ping An Capital is a core equity investment platform of Ping An Insurance Company of China.

In a Tuesday announcement, the provider of corporate healthcare solutions says this comes amid China’s healthcare reform – which aims to see increased medical spending, capacity building at the grassroots level, and gradually increasing focus on supply-side reform, reducing costs, and improving efficiency.

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