(Yicai Global) Nov. 22 -- Shares in Winning Health Technology Group advanced today after the Chinese healthcare information technology solutions provider said it has won a services contract worth CNY80 million (USD12.5 million) from the hospital management subsidiary of conglomerate Fosun Group.

Winning Health’s stock price [SHE:300253] closed up 1.94 percent at CNY15.25 (USD2.40).

Winning Health will provide smart medical services to four hospitals under the Shanghai Fosun Health Technology Group, the Shanghai-based firm said yesterday. Its technology will help better manage patients both inside and outside the hospitals as well as before, during and after medical treatment.

The pair also plan to improve the distribution of medical resources, the safe circulation of medicines and to integrate medical and commercial insurance services, it added.

Fosun Health runs clinics in most of China’s main cities as well as in Portugal. Apart from medical services, it also offers medical insurance and develops experimental and generic drugs.

Editor: Kim Taylor