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Fosun Acquires 60% Stake in Singapore Medical Center Chain for $158 Million

publication date: Jun 8, 2022

Shanghai Fosun Pharma will pay $158 million to acquire a 60% stake in a Singapore oncology medical center chain, Oncocare Medical Pte. Oncocare, with seven clinics in Singapore private medical centers, is one of Singapore’s largest private medical oncology specialist centers. Most of the purchase, a 51% Oncocare share, was acquired from Aurora Healthcare, a company controlled by Dianbo Liu, the chairman of Hong Kong-listed Lue Pharma. About 10% of Fosun’s revenues derive from hospitals/clinics, and the company plans to expand its medical services coverage in China and Southeast Asia. More details....

Stock Symbols: (HK: 2196; SHA: 600196)

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