Warburg Pincus-backed Hygeia to acquire Suzhou Yongding Hospital from Ascendant Capital Partners for $268m.

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.