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Sinophi Healthcare signs agreement with Beijing Enterprises and Morgan Stanley Private Equity

July 31^st 2013

Sinophi Healthcare Limited signed a Cooperation Agreement today with Beijing Enterprises Group Senior Industry Investment & Management and Morgan Stanley Private Equity to work together in the investment, development, operation and management of senior care and rehabilitation facilities.  The signing ceremony was held at the Beijing Head Office of Beijing Enterprises Group.

Beikong Senior Investment will work with Sinophi and MSPE and Sinophi as exclusive partners in senior care and rehabilitation developments and related investments initially in Beijing, with the first three projects identified. Beijing is one of the most populous cities in the world with a population in 2012 of 20.7 million people.

The Agreement was signed by Sinophi Healthcare Chairman Simon MacKinnon, Beijing Enterprises Group Senior Industry Investment & Management Co. Chairman Madame Mo Fei, and Morgan Stanley Asia Limited Managing Director, Ryan Law.

Signing of Framework Agreement in Beijing between Beikong Senior Investment, MSPE and Sinophi Healthcare

Seated (L to R):  Simon MacKinnon (Chairman, Sinophi Healthcare), Madame Mo Fei (Chairperson, Beikong Senior Investment), Ryan Law (Managing Director, MSPE)

Sinophi CEO Dr Hanif Kanji said “We are delighted to bring Sinophi’s UK and international healthcare experience to this partnership.  Sinophi’s hospital management, hospital investment and senior care and rehabilitation skills, together with the commercial and real estate experience of Beikong and the financial and investing strengths of MSPE, will build a leading brand in senior care and rehabilitation hospitals in China.  With the rapid ageing of China’s population and the growth in insurance coverage and disposable income for healthcare services, we look forward to helping meet the rising demand from senior patients looking for world class, local healthcare services in supporting their recovery and return to healthy daily lives.”

Signing of Framework Agreement in Beijing between Beikong Senior Investment, MSPE and Sinophi Healthcare

Seated (L to R):  Simon MacKinnon (Chairman, Sinophi Healthcare), Madame Mo Fei (Chairperson, Beikong Senior Investment), Ryan Law (Managing Director, MSPE)

Information about the signing parties:

Beijing Enterprises Group Senior Industry Investment & Management Co. is a part of Beijing Enterprises Group Company Limited.   BEGCL is one of the largest state-owned enterprises in Beijing.  Its subsidiaries include Beijing Enterprises Holdings Real Estate Co.; Beijing Gas Group; Yanjing Beer Corp; Beijing Enterprises Water Resources, and Beijing International Airport Highway Corp. among others.  Bei Kong Senior Investment is a specialized company with the core business of senior care investment, development, operation and management.

Morgan Stanley Private Equity is a global private equity platform under Morgan Stanley, a US listed company.   MSPE has been engaging in private equity investing since 1985 and has invested over US$6 billion.  It has a strong track record of global healthcare investments and is actively reviewing investment opportunities in China’s healthcare and senior industries.