China's United Family Healthcare clinches $1.4 bln deal to list in New York [Reuters]
NEW FRONTIER CORP (NFC)
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Source: Reuters
China's United Family Healthcare clinches $1.4 bln deal to list in New York - Reuters 3 Min Read NEW YORK, July 30 (Reuters) - Chinese hospital operator United Family Healthcare will list on the New York Stock Exchange through its $1.4 billion sale to New Frontier Corp , a publicly traded special purpose acquisition vehicle, the companies said on Tuesday. In a country that relies mainly on a state-run hospital system, United Family Healthcare is one of the largest private operators in China, with nine hospitals and more than 700 licensed beds catering mostly to wealthy Chinese and foreigners. China’s private hospital sector revenue grew at a compound annual growth rate of 25% between 2013 and 2017, according to the National Health Commission of China, as an aging population buoyed demand for private healthcare. New Frontier Corp is a blank-check company that raised $478 million in an initial public offering last year to acquire a company with a China-focused business. It is led by Ant
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