China's booming healthcare sector draws investors
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INVESTORS are rushing into China's booming healthcare business, helping M&A deal values surpass those of the hot Internet sector as the country prepares to cater to hundreds of millions of elderly patients.
Encouraged by a relaxation of foreign ownership rules last year and a rapidly ageing population, private equity firms such as TPG Capital and industry players including Malaysia's IHH Healthcare Bhd are investing in Chinese hospitals, pharmaceutical companies and device makers.
