Debevoise & Plimpton LLP has advised AIA Group in its acquisition of New Medical Centre Holdings ("NMC") in Hong Kong.

NMC is recognized as one of the largest clinic-based providers of gastroenterology and general surgery in Hong Kong, establishing itself as a differentiated and trusted specialist outpatient services company.

The acquisition aligns with AIA's Integrated Healthcare Strategy, which aims to provide customers with accessible, affordable, and effective healthcare through more personalized health insurance and greater integration with outpatient clinics and medical providers.

The transaction is subject to customary closing conditions.

The Debevoise team advising AIA was led by partner Edwin Northover, and included international counsel Jan Buschmann and associate Josephine Chen.