Luye Group to buy Healthe Care Australia
Chinese firm is acquiring hospital operator for A$938m: Australian Financial Review
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Sydney
LUYE Group Ltd agreed to buy Healthe Care Australia Pty, the nation's third-largest private hospital operator, as the Chinese company hunts for expansion opportunities in the Asia-Pacific.
Luye is acquiring Healthe Care from private equity firm Archer Capital Pty and gaining a company that operates 17 hospitals with more than 1,800 beds across Australia, the companies said in a joint statement on Sunday. Luye has a significant stake in Hong Kong-listed drugmaker Luye Pharma Group Ltd, according to the statement.
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
