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iKang Forms $74 Million Partnership for New China Healthcare Clinics

publication date: Jul 19, 2017
iKang Healthcare will form an investment partnership with China Industrial Asset Management to build and/or buy more China clinics. iKang operates a chain of private preventive healthcare clinics in China that cater to corporate clients. The partnership between the two companies will raise a fund of up to $74 million for the new clinics. iKang will operate the clinics for at least two years and then return the investment at a price of the original cost plus 15% per year. iKang said the fund will allow the company to expand at a reasonable cost. More details....

Stock Symbol: (NSDQ: KANG)

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