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Concord Medical Starts $150 Million Healthcare Fund with Partner

publication date: Jan 13, 2017
Concord Medical Services, a Beijing company that operates a large China network of radiotherapy and diagnostic imaging centers, formed a $150 million healthcare investment fund with Zhongrong International Trust. Concord already runs 123 centers in hospitals across China; it says the capital will extend its reach and solidify its position in the sector. Concord has shown interest in owning hospitals over the last few years, which may also be a goal for the fund. The funds were evidently provided by Zhongrong; Concord has a market cap of just $200 million. More details....

Stock Symbol: (NYSE: CCM)

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