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 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 is investing around $150 million in the profitable hospital chain. This will be the last investment out of Bain’s second Asia fund and the first out of its third fund, the person said.  ...

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