Private equity backs China’s healthcare push

Hao Capital injects $12.5m; Olympus Capital Asia invests $40m; BCG forecasts China’s digital healthcare market to grow to $110 billion by 2020.

Hao Capital said on Wednesday it has invested $12.5 million in hospital IT provider, DJ HealthUnion Systems, one of the latest private equity firms to back China’s push to improve healthcare for its aging population.

Olympus Capital Asia said on Thursday it has recently invested $40 million in China's Tian Jian Hua Xia Medical, or Tendcare Medical, a private hospital management company, to help fund the company’s expansion program.

“We are very excited about the opportunity to partner with Tendcare to participate in the rapid growth of the healthcare sector in China,” said David Shen, regional managing director of Olympus Capital Asia. 

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