Wanda to invest 15b yuan in hospitals
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Shanghai
CHINA'S Wanda Group will invest 15 billion yuan (S$3.3 billion) in hospital developments around the country, the property and investment firm said in a statement on Wednesday, tapping into a reform drive to give private firms a larger role in healthcare.
The deal will see Wanda invest in and build three hospitals in the major cities of Shanghai, Chengdu and Qingdao, which will be managed by British-based healthcare operator International Hospital Group (IHG), Wanda said.
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