Natali Seculife, which mainly operates in Israel and has limited foreign operations, already cooperates with Sanpower. As part of the deal, Sanpower will acquire China Medical Telemedicine, which provides medical services for the elderly, and it will merge this business with Natali Seculife’s foreign operations.
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Sanpower’s Israeli partner is Infinity Private Equity, which has extensive business interests, including investment funds, in China. Infinity is a partner in China Medical Telemedicine, and it presumably brokered the deal with Natali Seculife.
Natali Seculife has an estimated annual turnover of $50 million, and is profitable. It was created by the merger of Natali, founded in 1991, and Seculife, founded in 1998, to provide medical services for the elderly. Sky Fund invested $65 million in the two companies, and the current sale creates a substantial return on the investment. The company has hundreds of employees and had 100, 000 customers in 2011. It’s main rival is SHL Telemedicine Ltd. (SWX: SHLTN).
Published by Globes [online], Israel business news – www.globes-online.com