New Frontier completed the acquisition of United Family Healthcare for $1.4bn.

New Frontier, a public investment vehicle sponsored by New Frontier Group, completed the acquisition of United Family Healthcare, one of the largest and most recognized integrated premium private healthcare operators in China, from TPG and Fosun Pharma, a pharmaceutical company, for $1.4bn. “Healthcare has been an important strategic focus for New Frontier. Our goal is to continue building and growing our integrated healthcare platform in China. We aim to provide high-quality and reliable healthcare services to patients and families across their life cycles. We are extremely delighted to start the next chapter of the UFH story. We believe we will be a strong strategic partner given our significant operating and investment experience,” Antony Leung, New Frontier Group Co-Founder and Chairman.