ByteDance to acquire Amcare Healthcare for $1.5bn.

Synopsis

ByteDance, a Chinese multinational internet technology company, agreed to acquire Amcare Healthcare, one of China’s largest private hospital chains, for $1.5bn. The deal is deepening ByteDance's foray into health care via one of the largest domestic tech deals since Beijing’s internet crackdown.

Principals

target

Amcare Healthcare

bidder

BYTEDANCE

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Market Context

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Bidder Team (3)

z. julie gao

CFO at BYTEDANCE

Manager

bidder

Deals

£ 21.46 B

Total Value

liang rubo

CEO at BYTEDANCE

Manager

bidder

Deals

£ 1.28 B

Total Value

zhang yiming

Founder at BYTEDANCE

Manager

bidder

Deals

£ 1.93 B

Total Value

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