Photo/Shetuwang

Dec. 20 (NBD) -- New Frontier Corporation ("NFC", NYSE: NFC), a listed investment arm of digital transformation leader New Frontier Group, announced on Thursday it has completed the acquisition of premium healthcare service operator United Family Healthcare ("UFH") from the latter's shareholders including affiliates of private equity firm TPG and Fosun Pharma. 

With the closing of the deal, NFC has changed its name to New Frontier Health Corporation ("NFH"). NFH's ordinary shares and warrants continue be listed on the New York Stock Exchange under the new ticker symbols "NFH" and "NFH WS," respectively, with effect from December 19, 2019.

Founded in Beijing in 1997, UFH is one of the largest and highly recognized private hospitals in China, and its facilities in Beijing and Shanghai were the first in China to pass the JCI re-accreditation process. The company, currently running 7 hospitals as well as 14 clinics in the country's four first-tier cities and some second-tier cities, expects to reap 2.5 billion yuan in revenue this year.

Mr. Antony Leung, chairman of NFC and also a famous investor, will continue as chairman of NFH's board of directors.

Email: gaohan@nbd.com.cn