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Title: Club Med’s owner Fosun has a strategy to help everyone live until 121 years old: technology
Source: [None]
URL Source: https://www.scmp.com/business/compa ... y-help-everyone-live-until-121
Published: Nov 23, 2018
Author: Peggy Sito peggy.sito@scmp.com
Post Date: 2018-11-23 01:46:56 by Tatarewicz
Keywords: None
Views: 422
Comments: 1

SCMP...

Fosun will put 100 billion yuan of its war chest to work over the next few years to acquire technology companies that can augment its health care business

Fosun International, the holding company of one of China’s biggest private-sector conglomerates, has a strategy to increase its share in the US$8.7 trillion global health care market: technology.

The Shanghai-based owner of the Club Med chain of holiday resorts and a shareholder of Cirque du Soleil said it would put its 100 billion yuan (US$14.4 billion) war chest to work, aiming to acquire more health care-related technology to augment the da Vinci surgical robot and the CAR T-cell cancer-treatment therapy in its portfolio.

“Technology advancements can improve efficiency and increase production,” said Fosun’s founder and chairman Guo Guangchang, during an interview last week with the South China Morning Post at his head office, overlooking the famous Shanghai Bund. “We will advance from our existing businesses with technology transformation. While we could not invest in every sector, we will focus on health care as it's the centre of people’s lives.”

Fosun, mainly through its listed unit Shanghai Fosun Pharmaceutical, has accelerated its health care investments in the past couple of years. Its CAR T cell therapy, a type of adoptive cell transfer, is considered one of the most advanced forms of cancer treatment.

“Humans can live longer when cancer is no longer a threat to life, and health care can be managed with lower costs,” said Guo, who turns 52 next February. “Living till you are 121 years is no longer a dream.”

As part of the technology push, Fosun and Nadsaq-listed Intuitive Surgical - a distribution partner for 13 years - will research and assemble in Shanghai the latest export version of the da Vinci surgical robot, designed to help surgeons perform minimally invasive surgery.

Guo founded Fosun with three alumni of Shanghai’s Fudan University 26 years ago with 38,000 yuan in capital, naming their company Fosun, which can be interpreted as “stars of Fudan”.

He turned it from a start-up into one of China’s leading private-sector conglomerate with total assets of about US$85 billion as of December 2017, with US$2.1 billion in net profit. The group’s interests span property, health care, finance, tourism and culture-related businesses

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#1. To: Tatarewicz (#0)

“Living till you are 121 years is no longer a dream.”

I am lucky to be alive at all after this bout with the meningitis. The doctor told me I was in intensive care for a month and they were not sure I would live. I guess I am pretty tough. Been that way my whole life it seems. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2018-11-23   10:05:21 ET  Reply   Trace   Private Reply  

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