Pursuits
China Medical Services Market Seen Hitting $500 Billion
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China, where 260 million people suffer from cancer, diabetes and other diseases, is in a hurry to bolster its medical services. Investors are ready to help.
The latest is Carlyle Group LP-backed Concord Medical Services Holdings Ltd., which last week completed a deal for a 52 percent stake in Chang’an Hospital, a 1,000-bed facility at the eastern end of the Silk Road. The acquisition comes three months after China announced it wants 20 percent of its hospital beds privately owned by 2015. Other investors in China include Kuala Lumpur-based IHH Healthcare Bhd., Asia’s biggest hospital operator, which plans to build a hospital in Shanghai, to add to seven clinics it owns in Shanghai and one in Chengdu.