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CITIC PE Fund Invests In Beijing Cancer Hospital

publication date: Apr 1, 2016
CITIC Private Equity Funds Management made a strategic investment of unspecified size in Beijing New Journey Cancer Hospital. Founded in 2011, Beijing New Journey was jointly established by Peking University Cancer Hospital and New Journey Medical Group, a company started by US private equity firm New Enterprise Associates. The goal of the hospital, a partnership between a public hospital and private capital, is to bring international expertise to China cancer care. NEA/Beijing New Journey owned 70% of the hospital before CITIC's funding. More details....

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