Valurise Health Solutions Inc., The Pioneer in Disease Management Services in China, Receives Funding From Softbank China &Amp; India Holdings
Posted on: Friday, 26 October 2007, 03:00 CDT
Valurise Health Solutions Inc. ("VHS") announced today that it has successfully closed its Series A financing from Softbank China & India Holdings ("SBCI"), manager of Softbank's Bodhi Investments LLC fund ("Bodhi" or the "Bodhi Fund").
VHS intends to leverage its management team's operational experience in the health insurance and healthcare management service sectors to set up a one-stop healthcare management solution to benefit end customers. VHS aims to become the leading brand and platform by forming partnerships with hospitals, medical institutions and insurance companies, and developing healthcare management and consulting services.
"VHS is Bodhi's first investment in the Chinese healthcare sector," says Jay Chen, Partner of SBCI. "We believe that there will be immense potential in the Chinese medical and healthcare sectors and VHS will be a major driver in the growth in the healthcare management services. Furthermore, we are highly confident of VHS' success in achieving its mission under Dr. Rico Tong's leadership."
"We are excited that an internationally reputable investment firm such as SBCI has found common ground with our company. We strongly believe in the market opportunity of the Chinese healthcare management market and are here to provide the best solution for insurance companies and related parties to address the challenges of non-communicable chronic diseases that exist in China today. This financial investment will allow us to build a solid technical and service platform to serve our customers," said Rico Tong, CEO of Valurise.
About Softbank's Bodhi Fund:
Founded in June 2006, Bodhi Investments LLC is managed by SBCI and invests in venture opportunities in China, India and the ASEAN geographies. Bodhi mainly focuses in the telecommunications, media and technology sectors as well as consumer-focused sectors such as healthcare and finance. More information on the Bodhi Fund and SBCI can be found on www.softbankci.com.
Rico W. Tong PhD HIA FLMI Chief Executive Officer Valurise Health Solutions [VHS] Tel: +86 21 6228 2131 Ext. 8008 Cell: +86 1592 177 0308 Email Contact
SOURCE: Valurise Health Solutions Inc.
Source: MARKET WIRE
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