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iKang Healthcare Closes $1.4 Billion Privatization, Led by Alibaba

publication date: Jan 21, 2019

iKang Healthcare, a private China healthcare chain, completed a $1.4 billion privatization backed by an Alibaba investment arm and Yunfeng Capital, a private equity firm co-founded by Alibaba's Jack Ma and David Yu. The company, which seems likely to become part of Alibaba Health, offers check-ups and disease screening. The privatization was completed at a price of $20.60 per ADS. iKang staged a $153 million IPO in 2014 and proposed a privatization 16 months later. It has taken three and a half years to complete the transaction. More details....

Stock Symbols: (NSDQ: KANG) (NYSE: BABA)

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