Essex Woodlands Opens Shanghai Office

Healthcare investment firm Essex Woodlands has announced the opening of a new office in Shanghai, China.

AsianScientist (Dec. 17, 2012) – Healthcare investment firm Essex Woodlands has announced the opening of a new office in Shanghai, China.

The Shanghai office will lead Essex Woodlands’ healthcare investment practice in China, focusing on pharmaceuticals, medical technology, services, and information technology.

The new Shanghai office will be co-managed by Managing Directors Scott Barry and David Yang. Scott Barry has been a Partner in the Essex Woodlands New York office for six years, and was the previous Global Head of Pharma M&A and Collaborations at Novartis Pharma AG.

David Yang, who joined Essex Woodlands in April 2012, was previously an Executive Director with Warburg Pincus’ China healthcare team. David previously served on McKinsey’s corporate finance team, Fidelity Investment’s healthcare investment team, and at Morgan Stanley’s investment banking team.

“China is an important geography for Essex Woodlands,” said David Yang. “Private equity investments in healthcare in China are increasing steadily, healthcare mergers and acquisitions are increasing, and healthcare IPOs are raising more capital in China than in the US today.”

The Shanghai office will provide additional resources to support investments in China and work with the Essex Woodlands investment teams in the New York, Palo Alto, Houston, and London offices.

Essex Woodlands has previously invested in China Cord Blood, the largest cord blood banking operator in China, and Microport Scientific, a leading Chinese manufacturer of cardiovascular stents for the Chinese market.

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Source: EWHV.
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