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

New Frontier acquires United Family Healthcare from Fosun Pharma

20190731 china hospital

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

NGUYEN THI BICH NGOC, DealStreetAsia

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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