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In April of 2017, PreferUS and Sungin, a member company of the Fosun Group, announced the formation of a joint venture company. 

Within this joint venture company, PreferUS and Sungin have agreed to work together in utilizing each other’s strengths to create an offering of consulting and management services in the post acute care and senior living healthcare markets in China. These services include; 1) comprehensive assessment programs, 2) facilities planning, 3) performance improvement, 4) advanced clinical service line development, 5) management services and 6) medical tourism program services. 

Fosun is involved in two major business sectors; integrated finance (wealth) and industrial operations. These two areas have accumulated total assets exceeding RMB430 billion. Fosun has expanded its landscape with over 120 on-going projects in over 40 cities around the world.

In 2014, Fosun International was named as one of the "Most Admired Companies in China" by Fortune Magazine. Fosun International also ranked in the top five companies on the "Diversified" industry ranking. Additionally, in May of 2016, the company was ranked 434th on the Forbes Global 2000 list, (an increase of over 100 places from 2015), while ranking 47th amongst all Chinese enterprises. This also marked the first time that Fosun has ranked among the top 500 global companies.  

PreferUS views the complimentary set of expertise and resources from both entities as a major advantage for future growth and the establishment of a world class hospital consulting, management and investment services company.

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