Announced
Financials
Tags
China
Private
Single Bidder
Private Equity
Pending
Majority
hospital
Health Care Facilities
Cross Border
Acquisition
Friendly
Synopsis
Warburg Pincus-backed Hygeia, a management consulting services company, agreed to acquire Suzhou Yongding Hospital, a private for-profit Class II general hospital in Suzhou City, Jiangsu Province, from Ascendant Capital Partners for $268m. Hygeia claims that the acquisition will further enhance its regional advantage in the Yangtze River Delta region and strengthen its brand. The deal will help Yongding to spruce up the development of its multi-disciplinary oncology diagnosis and treatment businesses.
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