Blackstone pins down China's Xinrong
Driven by an aging population, increasing health awareness and a rising middle class, China's medical device market is growing at a rapid pace. A recent report by the Hong Kong Medical and Healthcare Device Industries Association reveals that since 2000 sales of medical devices in the mainland have expanded by an annual average of more than 20%. Last year, the market was worth $34.5 billion.
VC and PE investors have long been aware of the opportunity, providing a much-needed source of capital to companies looking to grow their operations and the climb the value chain in an increasingly competitive...
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