10 July, 2016
Stephenson Harwood has advised Circle Holdings plc on its 20-year management agreement with a Chinese investor group, to develop and operate a medical facility in Shanghai, China. The facility will offer a range of primary care, diagnostic and treatment services. The investor group, which has committed RMB 200 million (around £22 million) to the Shanghai project, includes Taiping Life Insurance, one of the largest state-owned life insurance companies in China, Xinxing development group, a subsidiary of a Fortune 500 state-owned conglomerate and the investment divisions of two other private Chinese businesses. This transaction is the first of its kind and involved a complex deal structure and negotiations with state-owned companies. It is a standout deal because it paves the way for UK professional expertise to contribute to the development of better healthcare facilities in China.
Circle Holdings is the AIM-listed holding company for Circle Health Limited, the largest partnership of doctors, nurses and healthcare professionals in the UK. Stephenson Harwood Shanghai based Corporate Partner Chunfai Lui led the transaction.
