NEW YORK: A series of strategic cooperation agreements have been signed by Pramerica Fosun Life Insurance Co, Fosun Property Holdings, Shanghai Fosun Pharmaceutical (Group) Co and other subsidiaries of Fosun Group, one of China’s largest private conglomerates.
By harnessing its insurance, pharmaceutical and real estate units, observers see Fosun positioning itself for an early lead in the promising international elder-care industry, an area which Fosun has itself identified as strategically significant to its future development…