TIAN RUIXIANG Holdings Ltd ($TIRX) Finalizes 100% Stake Purchase in Ucare Inc.

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TIAN RUIXIANG Holdings Ltd (TIRX) announced the completion of its acquisition of 100% of the shares of Ucare Inc.

The all-stock deal, valued at US$150 million, represents a significant step in TIRX’s strategy to expand into in-hospital distribution channels.

The company is also targeting new growth opportunities within the health insurance sector.

Following the acquisition, Ucare will leverage TIRX’s strong platform, capital resources, and strategic partnerships to enhance R&D efforts.

It plans to integrate advanced generative AI into clinical pathways.

The goal is to extend its reach from healthcare providers to insurance partners.

Ms. Sheng Xu, Director, Chairwoman, and Chief Executive Officer of TIRX, expressed excitement about welcoming Ucare to the family.

She highlighted that the acquisition places the company at the crossroads of healthcare and insurance, unlocking data-driven insights to transform health insurance design, sales, and service.