Alibaba Re-Starts $1.4 Billion Bid to Acquire iKang Healthcare
publication date: Mar 13, 2018
Alibaba's investment arm and Yunfeng Capital offered $1.4 billion to acquire iKang Healthcare, a chain of private China healthcare clinics. Yunfeng is a venture capital firm co-founded by Jack Ma, the founder and CEO of Alibaba. Most likely, if the deal succeeds, Alibaba will incorporate iKang's 110 clinics into its own network of online/offline healthcare offerings. Nearly two years ago, Yunfeng made a similar offer, bidding up to $1.6 billion for iKang, an offer that topped one from a rival chain, Meinian Onehealth. However, Yunfeng never closed the deal. More details....
Stock Symbols: (NYSE: BABA) (NSDQ: KANG)
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