IKang acquires 70 percent share of WA Health Care

iKang Healthcare Group, Inc. ("iKang" or the "Company") (Nasdaq: KANG), today announced that it has acquired a 70% equity share of WA Centers HK Limited ("WA Health Care").

Established in 2010, WA Health Care, a provider of high-end medical services, operates two medical centers in prime historical locations in Shanghai and Beijing. Since its establishment, WA Health Care has brought to the China market world-leading physicians, researchers and scientists in the fields of anti-aging medicine, functional medicine and regenerative medicine. WA has been a leader in health care education and has been featured extensively in both national and international media, resulting in a strong brand and reputation as a frontier medical service provider to the high-end market in Shanghai and Beijing.

Mr. Lee Ligang Zhang, Chairman and Chief Executive Officer of iKang, commented on the acquisition. "iKang's mission is to advance preventive healthcare and improve the quality of life in China. In addition to the medical examination services we offer, we are constantly seeking solutions that will help people to live healthier, longer lives. Anti-aging and premier outpatient services are in great demand in China. By teaming up with WA Health Care, iKang is able to offer one-stop solutions of premium medical services in beautiful locations to our high-net-worth customers and corporate clients in China".

Mr. Zhang added, "Sitting in the middle of seven hectares of historical gardens in the heart of Shanghai, the WA Health Care Center is a haven for patients to enjoy health and wellness, and provides the perfect home for our international team of world class doctors to treat our ever growing patient base. This 5-star health center will integrate iKang Evergreen with WA Health Care as a true leader in high-end medical services in China. This is a very strategic acquisition for us, allowing iKang to accelerate its expansion and strengthen our market leadership position as the largest provider of preventive healthcare services in China".

Dr. Shu Li, Ph.D., co-founder of WA Health Care, commented, "Over the past several years, WA Health Care has endeavored to bring the latest technology and application of anti-aging medicine and disease prevention to China. Environmental issues and lifestyle shifts in China have created a strong market demand for quality health care solutions and we are very pleased to partner with iKang to provide such solutions. We are very excited about this partnership and we look forward to expanding a gold standard of health care services in China. We are confident that the partnership will create tremendous long term value for our loyal customers and our shareholders".

A recent report by McKinsey & Company stated "China's health-care sector continues to develop at an astonishing rate: spending is projected to grow from $357 billion in 2011 to $1 trillion in 2020." When asked recently why WA decided to partner with iKang Healthcare Group, Mr. Derek Muhs, co-founder of WA Health Care, commented, "China is the most exciting market in the world right now for the health care industry. We wanted to partner with the best, which is the reason we chose iKang Healthcare Group. Not only are they the industry leaders in private preventative health care service in China but they are dedicated to bringing the highest standards of best practices in medical care and technology to their patients."

Special events will be held this spring to launch the new partnership.