Recently, it was informed that the Columbia Pacific Advisors, LLC plans to set up Jiangsu’s first foreign-owned medical institution in Fenghuang Xincheng, Tianning District, Changzhou, with a total investment of about $ 300 million. The two sides have signed an investment agreement through field trips and several rounds of negotiation, designating the project area of 100 mu (about 6.67 hectares).

Columbia Pacific Management, based in Seattle, Washington, USA, was founded over twenty-five years ago by Daniel R. Baty and throughout its existence has delivered exceptional investment results by investing in the private market. In 2006, the Baty Family joined with Alex Washburn to launch Columbia Pacific Advisors (“CPA�?, an alternative investment platform. Today, CPA manages investments across multiple strategies including real estate equity and lending, growth capital, hedged, and opportunistic investing.

According to the CEO of CPA, they will keep practicing the binding mode of healthcare and eldercare, and establish a senior care institute in the community as part of community services for the elderly. The first-phase project includes 200 beds for healthcare and 100 beds for eldercare. Currently, CPA’s nursing home in Shanghai under such binding mode costs about 12,000 yuan per month. After their institute in Changzhou is completed, the estimated price is about 8,000 yuan per month, providing the same facilities and services as they offered in Shanghai.