Top News
Australia sees largest China-initiated hospital M&As: report
Last Updated: 2019-03-05 09:27 | Xinhua
 Save  Print   E-mail

A private report said Australia saw the largest hospital mergers and acquisitions (M&A) initiated by Chinese investors in overseas markets during the past five years.

The value of China-initiated hospital M&As in the country totaled 13.38 billion yuan (about 2 billion U.S. dollars) during 2013-2018 period, accounting for more than half of the total, global accounting and consultancy firm PwC said Monday in a report.

Australian hospitals boast advanced medical technology, and its policy environment was favorable for acquisitions, prompting some mega deals during the past several years, said Leon Qian, a PwC partner.

The report also showed Hong Kong saw 22 such deals during the period, which was the highest among markets outside the Chinese mainland.

After hitting a record high in 2016, overseas hospital M&As by Chinese companies somewhat retreated in the past two years and will likely continue a stable trend this year, Qian said.

Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved
Australia sees largest China-initiated hospital M&As: report
Source:Xinhua | 2019-03-05 09:27
Share to