British Prime Minister David Cameron and Health Secretary Jeremy Hunt Thuesday witnessed the signing of over £120 million healthcare deals between China and the United Kingdom.  

The PM said the deals will give a boost to the economy of his country.

British Sinophi Healthcare signed contracts for hospital management and hospital investment worth £120 million. These include a joint venture with Huai'an First People's Hospital, one of the biggest hospitals in Jiangsu Province (population 80 million people) in East China, and an agreement to build a 1,000 bed oncology hospital.

"This deal highlights the enormous opportunity that the Chinese healthcare market presents for British healthcare firms - set to grow by $400 billion by 2017," Cameron said. "I hope we will see many more partnerships and deals like this for British businesses in this market."

British Heythorp Healthcare signed a Memorandum of Understanding with Jiangsu Far East (Yadong). This is for a joint venture to develop a flagship, mixed use healthcare facility which will include elderly nursing, specialist dementia services and care training outside Jiangsu.

Healthcare UK signed a Memorandum of Understanding with the CITIC Trust and Circle Partnership to unlock commercial deals for UK companies in areas such as primary care services, integrated care and education and training.

British IXICO signed a Memorandum of Understanding with the Beijing Union Medical and Pharmaceutical General Corporation. They will work together to support dementia diagnosis, advance public understanding of dementia and evaluate new treatments.

"These agreements will see UK firms exporting their expertise to China – building their businesses and investing in Chinese healthcare," British Health Secretary Jeremy Hunt said. "Both countries will benefit from these new relationships and better trade links."

Jeremy Hunt also outlined a new partnership with China on care of older people, with a focus on dementia.

"Both the UK and China face similar challenges in caring for ageing populations," he said. "There is a great deal that we can learn from each other in this field, and we believe UK companies have much to offer in the Chinese elderly care market."

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