Bain Capital buys Chinese hospitals for $150m

Bain Capital has bought a majority stake in the private hospital group in China from existing shareholders.

Bain Capital buys Chinese hospitals for $150m

Bain Capital said on Thursday it had bought a majority stake in a private hospital group in China as the country’s population ages fast and strained public services struggle to offer specialist care.

The Boston-headquartered private equity firm is acquiring about 90% of Asia Pacific Medical Group APMG from existing shareholders and will inject fresh capital for expansion across China, a person familiar with the matter said.

In total it...

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