Guangdong Kanghua Healthcare, the operator of the largest private hospital in China, is planning to take stakes of at least 51% in two companies: Anhui Hualin Healthcare Investment and Hefei Xingu Rehabilitation Investment.
They currently manage and operate a number of private non-profit organisations in Anhui Province, China, including one specialist hospital, one Class I general hospital, nine rehabilitation centres and one vocational training school.
Kangua has paid the vendors Rmb5 million (US$760,000) as a deposit. If the deal does not complete thanks to the vendors, them they have to return double the deposit to Kangua.
The company said that the acquisition was in line with its expansion plans and specifically would enhance the group’s offerings of disability rehabilitation services.