China Pacific Insurance's rehabilitation industry fund just joined hands with Shanghai Dayue Tang Hospital Management Co Ltd to work on a high quality rehabilitation hospital in Shanghai, as the insurer's latest commitment to the insurance plus health strategy.

Shanghai Yuanshen Jinmai Rehabilitation Hospital, the first rehabilitation hospital laid out by China Pacific Insurance, will build nearly 220 beds, combining rehabilitation medical treatment with health management, elderly care and clinical medical treatment. According to the agreement, the hospital will be built and operational around mid-2024.

In addition, China Pacific Insurance intends to link the rehabilitation hospital with its Pacific Care Home in Putuo district, which is an elderly care community, to explore a new cooperation model between rehabilitation medical institutions, retirement communities and insurance institutions.

Shanghai's rehabilitation medical industry has entered a period of rapid development. In July of 2022, the Shanghai Health Care Commission, the Development and Reform Commission and other eight departments jointly issued the "Notice on the Implementation Plan for Accelerating the Development of Rehabilitation Medical Services in Shanghai".

In 2020, China Pacific Insurance established its rehabilitation industry fund with an initial investment of three billion yuan ($416 million) to accelerate the layout of rehabilitation medical investment.

He Jingwei contributed to this story