Hony-backed healthcare platform acquires TCM hospital
Hospital Corporation of China (HCC), a buyout platform established by Hony Capital, has acquired a 70% stake in Jiande Hexu Enterprise Management, owner of a traditional Chinese medicine (TCM) hospital and other healthcare businesses, for RMB483 million ($73 million).
The purchased assets include Jiande Hospital of Traditional Chinese Medicine, a privately-held TCM general hospital in Hangzhou; DJ Medicines, a distributor of pharmaceutical products to Jiande Hospital...
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