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New Deal


Announced

ByteDance to acquire Amcare Healthcare for $1.5bn.

Financials

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Transaction Value£1,240m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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hospital operator

Domestic

Health Care Facilities

hospital chain

Pending

Friendly

Acquisition

Private

Majority

Single Bidder

China

Synopsis

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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.

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