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Business deals

New York-listed fund buys China hospital operator for $1.4bn

New Frontier acquires United Family Healthcare from Fosun Pharma

Investment fund New Frontier's purchase of Fosun Pharma will create China's largest publicly listed health care company, according to a statement.   © Reuters

HANOI -- China-focused investment firm New Frontier Corporation will be acquiring private health care operator United Family Healthcare (UFH) from alternative investment firm TPG and Fosun Pharma for $1.44 billion.

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