Yaohe Health Files IPO Prospectus: Building an Integrated Medical-Wellness Complex with a $357 Million Investment and '1+N' Model Centered on Pan-Natural Medicine
What would a health and wellness complex with a total investment of RMB 2.5 billion, a construction land area of 236 mu, and a total floor area of 150,000 square meters look like?
Yaohe Health City is a health and wellness complex. It is China’s first pan-naturopathic smart wellness industrial platform, located in Shenxianju (Tianmu Mountain), a national 5A-level tourist attraction and the scenic inspiration for Li Bai’s “spiritual journey.” Leveraging an integrated approach of “natural environment + naturopathy + high-tech solutions,” the complex delivers premium, precision wellness services—including medical care, wellness support, health tourism, and smart health management—to individuals seeking high-quality health maintenance, those in suboptimal health, patients with chronic diseases, and those with medically challenging conditions.
“Against the backdrop of rising public health awareness and successive national policies guiding and promoting industry development, integrated health and wellness complexes have gained market favor. However, many existing so-called integrated health and wellness complexes feature designs that are detached from actual market demands. What Yaohe Health is building is an integrated industrial platform that combines five key elements: medical care, elderly care, rehabilitation, tourism, and smart technology,” said Liu Gang, Executive Director and President of Yaohe Health.
How has the health and wellness sector developed in recent years?
According to the “2022–2028 China Health and Wellness Industry Market Research Analysis and Development Scale Forecast Report” released by Zhiyan Consulting, with the accelerating aging of the domestic population, heightened health awareness among residents, and the continuous expansion of supply in the health and wellness sector, China’s market consumption demand for the health and wellness industry is projected to reach approximately RMB 18 trillion by 2030.
According to relevant data, China’s elderly population is projected to peak at 487 million by 2050. Furthermore, as the aging of Chinese society intensifies and disease patterns and dietary structures shift, the prevalence of chronic diseases among the elderly has reached 75.23%, with the demographic affected by these conditions trending increasingly younger.
Meanwhile, the preferences of patients and consumers have shifted from critical care treatment to diversified health and wellness needs, including physical examinations, recuperation, anti-aging, chronic disease management, rehabilitation, and mental healing.
However, as conventional medicine currently emphasizes treatment after disease onset while placing insufficient emphasis on prevention and rehabilitation, it fails to adequately meet the needs of patients and the general public in these areas. Meanwhile, the development of health and wellness projects in China still faces certain dilemmas.
According to Liu Gang, there are currently five main development models for health and wellness projects in China: First, large-scale health towns that provide full-lifecycle services to urban residents, with the construction of a pharmaceutical industrial system at the core, encompassing an educational and research system, a pharmaceutical technology system, a health financial services system, a health industry production system, a convalescence and rehabilitation service system, and an elderly leisure and vacation system. Second, large-scale health and cultural tourism complexes driven by the dual engines of the big health industry and the tourism and vacation industry. Third, large-scale health industrial parks characterized by medical services, developed under the guidance of three core functions: medical education, R&D, and disease treatment. Fourth, demonstration zones for traditional Chinese medicine (TCM) tourism. Fifth, elderly-friendly communities built on the foundation of favorable regional ecological environments, adopting a model of symbiosis between elderly care communities and urban communities.
Development models are “diverse,” yet they suffer from issues such as insufficient medical-care support and the separation of medical and elderly care services. For instance, some health and wellness complexes, with investments amounting to billions of yuan and covering thousands of mu of land, feature comprehensive facilities and diverse business formats but fail to prioritize the integration of medical and elderly care services. Some health and wellness complexes merely consolidate elderly housing, custodial care facilities, nursing homes, and retirement communities, placing excessive emphasis on the concept of elderly care. Although certain projects offer a dazzling array of entertainment, dining, accommodation, shopping, vacation, and commercial services, they lack core health and wellness functions and can only be regarded as cultural tourism projects.
In this context, Yaohe Health has launched the “Yaohe Health Model,” aiming to create a comprehensive health and wellness complex that truly integrates medical care, elderly care, rehabilitation, tourism, and smart technology.
The “1+N” dual-wheel drive model is the strategic layout of Yaohe Health. Here, “1” refers to the smart health and elderly care complex based in Shenxianju, namely the Yaohe Health City.
Yaohe Health City features a Medical Service Center, a Wellness and Elderly Care Service Center, and a Lifestyle Service Center.The Medical Service Center refers to Yaohe General Hospital, which houses departments including physical examination, inpatient care, internal medicine, surgery, gynecology, traditional Chinese medicine (TCM), otolaryngology and ophthalmology, medical imaging, clinical laboratory, and emergency care. Its primary function is to provide health check-ups and medical services to members of Yaohe Health.
This also means thatYaohe Health has been involved in members' wellness services since the self-examination phase.In the interview, Liu Gang revealed the underlying reasons to VCBeat.
““We aim to create a one-stop wellness and healthcare complex.”Liu Gang explained, “After members check in at Yaohe Health City, they can undergo a medical examination in the morning and receive their report by the afternoon.”“Establishing an in-house health examination center not only enables Yaohe Health to obtain first-hand physical health data of its members, gain accurate insights into their true health status, and provide critical support for customizing personalized wellness programs, but also shortens the preparatory phase (i.e., the period from moving into the Health City to formally commencing wellness services), thereby accelerating members’ access to formal wellness care.”
Furthermore,Yaohe Health has also partnered with international regenerative medicine institutions to implement Australian stem cell technologies at Yaohe Health City General Hospital. The newly established Yaohe Shenxianju Stem Cell Bank has received joint approval from the National Health Commission, the Ministry of Science and Technology, and the National Development and Reform Commission to conduct clinical research and applications of stem cells.
To date, Yao and Shenxianju Stem Cell Bank have secured more than ten patented technologies in the field of stem cell research and translation. Furthermore, Yao Health has joined the Global Cord Blood Alliance, becoming one of its founding members in China.
andBased on an analysis of members' health examination data, Yaohe Health Club provides personalized, comprehensive, and precise solutions through diversified combinations of various wellness and healthcare services.
Specifically, Yaohe Health Pan-Naturopathy Wellness Center has established the Blood Sugar & Metabolic Health Wellness Center, Happiness Wellness Center, Men’s Health Wellness Center, Women’s Health Wellness Center, Detoxification and Vitality Wellness Center, and Mental Care Wellness Center.
Furthermore,Yaohe Health has also introduced 23 globally leading pan-naturopathic medicine technologies,For example, ADME immune defense testing technology, blood component separation technology, new technologies for diabetes management, exclusive Happiness Therapy techniques, novel approaches to addressing male vitality, magnetic physical factor technology, multi-channel laser light technology, regenerative medicine technology, cellular immunotherapy technology, and physical energy fever healing technology;LaunchedBlood Glucose Metabolic Health Support Program, Heavy Metal Detoxification Health Support Program, Gastrointestinal Health & Gut Microbiome Support Program, Sleep Health Support Program, Male Reproductive Health Support Program, Female Perimenopausal Health Support Program, Non-Pharmacological Wellness and Care Program for Depression, Non-Pharmacological Wellness and Care Program for Systemic Lupus Erythematosus (SLE), Non-Pharmacological Wellness and Care Program for Alzheimer’s Disease9 Precision Health and Wellness Support Programs.
Moreover, Yaohe Health has established a Lifestyle Service Center, featuring an ultra-luxury five-star hot spring wellness resort hotel that provides members with services such as hot spring therapy and nutritional dining.
It is worth noting that the construction of Yaohe Health City has also received strong support from a group of experts.
For example, Du Youwei, an Academician of the Chinese Academy of Sciences, expert in magnetism and magnetic materials, Professor at Nanjing University, and Deputy Director of the Magnetism Professional Committee of the Chinese Physical Society; Yu Mengsun, an Academician of the Chinese Academy of Engineering, Professor, expert in aviation medicine and biomedical engineering, and Dual-appointed Academician at Peking University; Dou Shixue, an Academician of the Australian Academy of Science and Engineering and world-renowned expert in superconducting magnets; Alan Trounson, Chief Scientist at Yaohe Stem Cell and one of the ten most influential scientists worldwide in the field of stem cells in 2013; Richard Boyd, Scientist at Yaohe Stem Cell, Director of the Centre for Immunology and Stem Cell Research at Monash University, Honorary Professor at Beijing 301 Hospital, and Professor Emeritus at Tokushima University in Japan; and Qian Zhongming, Professor at The Hong Kong Polytechnic University and Council Member of the Chinese Society of Applied Pharmacology, have all established close collaborative relationships with Yaohe Health.
In the “1+N” dual-wheel drive model, “N” refers to regional operation centers in N provincial capital cities and Yaohe Health Lounges (Health & Wellness Base Stations) that extend into county-level markets. To date, Yaohe Health has established five regional operation centers in Shenzhen, Shanghai, Beijing, Hangzhou, and Wenzhou, and has opened Yaohe Health Lounges (Health & Wellness Base Stations) in Yiwu, Linhai, Wenling, Jiaojiang, Yongkang, and other locations.
Leveraging its “1+N” dual-engine drive model, Yaohe Health has also established a wholly-owned subsidiary dedicated to the comprehensive external rollout of the Yaohe Solution for integrated health and wellness complex operations. This subsidiary empowers partners across multiple dimensions, including project positioning, functional zone establishment, operational planning, supply chain management, and digital-intelligent transformation in health and wellness. Furthermore, Yaohe Health has collaborated with state-owned insurance enterprises to launch health consumption insurance financial products, enabling members to receive regular investment returns while enjoying health and wellness and anti-aging services.
At the end of the interview,Liu Gang disclosed to VCBeat that Yaohé Health currently has 5,000 members. It is projected that the membership will exceed 15,000 in 2023 after completing the nationwide “1+N” layout. The membership is expected to reach 30,000 by 2025, and Yaohé Health plans to initiate its IPO process in 2026.