Investcorp expands healthcare investments in China: Sets up dedicated platform

Bahrain listed Investcorp, which is an alternative investment management company, has set up a new platform to invest in Chinese healthcare firms.

Investcorp aims to invest in firms which “have remained resilient” during the pandemic. The company has already acquired minority stakes in the WeDoctor and Lu Daopei Medical Group for an undisclosed amount as part of the new structure, Investcorp said in a statement.

Moreover, the platform will assist the Bahrain-based asset manager in reviewing a portfolio of primary and secondary stakes in Chinese healthcare firms that particularly demonstrate growth potential in the post-pandemic environment.

Investcorp is expanding its presence in Asia, with many acquisitions in China and India. The business has invested nearly $1billion in China and South East Asia through two major funds with a focus on brands of technology and food. Investcorp has invested in a variety of healthcare companies in the neighboring country of India as well, including an eye hospital chain and a dialysis service provider.

But the new platform from Investcorp is their first dedicated arm to support their healthcare interests in China.

“We believe that there are many attractive opportunities in the Chinese healthcare sector as this is a pivotal time to meet increasing demand for quality medical services and treatments.”

Mohammed Alardhi, Executive Chairman, Investcorp.

Lu Daopei Medical Group

Established in 2001 by hematology specialist Dr. Lu Daopei (LDP), the Lu Daopei Medical Group has grown to be “a leader in bone marrow transplantation,” Investcorp said. LDP runs four hospitals in Beijing and Shanghai and is also the world’s largest provider of bone marrow transplants for leukemia.

WeDoctor

WeDoctor is an online healthcare organization with over 240 million registered users. Established by artificial intelligence expert Jerry Liao in 2010 the company develops, controls and runs a network that connects hospitals and doctors with patients, pharmacies, insurance plans and financial services.

Investcorp

Investcorp, which counts Abu Dhabi’s Mubadala Investment Company as its largest shareholder, holds approximately $32.2 billion in assets under management.