New World Development’s Humansa expands footprint in health and wellness in Greater Bay Area with acquisition and partnership
- Newly acquired Noah Healthcare adds 15 outlets and over 300 doctors in mainland cities.
- Strategic partnership with Visionly will add two ophthalmology centres over the next 18 months
Humansa, New World Development’s health-and-wellness unit, announced an acquisition and a partnership that together will expand its footprint to more than 30 outlets this year as it aims for growth in the Greater Bay Area, a market with more than 85 million people.
The company said on Thursday it is acquiring Noah Healthcare and forming a strategic partnership with ophthalmology clinic Visionly. The moves give the company new locations in Guangzhou and Shenzhen. The values of the deals were not disclosed.
“Leveraging our synergies within the New World Group ecosystem, and alongside our new and existing partners, we aspire to expand our footprint in the Greater Bay Area and set new standards for first-class integrated healthcare services,” said Don So, CEO of Humansa.
Noah Healthcare fits well into Humansa’s blueprint for the Greater Bay Area by capturing the middle to high-end multi-speciality market, Humansa said. The company’s clinics offer pediatric, obstetric and gynecological, dental, skin, nutrition, and other healthcare services. It was named a top 100 medical care provider in China in a ranking from VCBeat Research.
Founded in 2016, Noah Healthcare has 15 clinics and more than 300 doctors. About 80 per cent of its business comes from the Greater Bay Area.
“Following our rapid growth over the past six years, Noah Healthcare has accumulated successful experiences and rich resources in the field of high-end health services targeting women and children,” said Su Wei and Huang Min, the company’s co-founders.
