Bain buys China hospital operator
Bain Capital has acquired a majority stake in China-based hospital operator Asia Pacific Medical Group (APMG) for $150 million. With many investors pursuing hospital roll-up strategies – and pushing up M&A valuations – it will focus on expanding the company’s existing specialty facilities.
APMG has two hospitals in Shanghai, two in Beijing and one in Tianjin, plus assorted clinics in China and Southeast Asia. Its prize assets are two facilities, one in Shanghai and the other in Beijing....
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