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Announced

Alibaba and Yunfeng Capital to acquire a 16% stake in Meinian Onehealth Healthcare for $1bn.

Financials

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Transaction Value£781m
Consideration TypeCash
Capital Owned-
Capital Bid For16%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Medical Services

Pending

Single Bidder

Minority

Friendly

Acquisition

China

physical examination

Public

Private Equity

Synopsis

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Alibaba and Jack Ma-led Yunfeng Capital agreed to acquire a 16% stake in Meinian Onehealth Healthcare, a China-based company principally engaged in the provision of physical examination and medical services, for $1bn. The investment will make Meinian become the latest domestic listed company backed by Alibaba, who has so far poured nearly $14.2bn in about 20 such companies, as the e-commerce giant is raising the stake in the burgeoning Chinese market against the backdrop of an escalating trade war between China and the United States.

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