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Luye Medical Offers $91 Million for Australian Hospital Chain

publication date: Oct 21, 2016
Luye Medical of Yantai, China offered to pay $91 million to acquire Australia's Pulse Medical, a company that operates eleven hospital facilities. The bid was a 42% premium to the previous closing price. Luye Medical, a division of Luye Pharma, is actively buying healthcare assets. It previously paid $688 million to acquire Healthe Care Australia, the third largest hospital chain in the country. And it recently signed an MOU to invest $300 million operate a large healthcare complex being built by the Jiangbei District of Chongqing. More details....

Stock Symbol: (HK: 2186)

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