Chinese Group Buying Israel's Largest Healthcare Firm

Deal to purchase Naftali expected to be worth $100 million.

Elderly patients at Haifa’s Rambam Hospital.
Patients at Haifa’s Rambam Hospital.Hagai Fried

Guangzhou-based Jinpeng Group, a Chinese conglomerate focusing on information technology and services industries, will reportedly acquire Natali Healthcare Solutions, Israel's largest private healthcare and homecare service provider.

The deal, worth about $100 million, is expected to be finalized soon, China Daily news reported Tuesday.

Naftali Healthcare Solutions was established in 1991, and holds a 60 percent stake in Israel's elderly care market. It provides services such as doctor's house calls, first aid telephone services and retirement solutions.

According to China Daily daily, the number of Chinese aged over 60 is expected to increase by 30 percent by the year 2050.