Alibaba, Yunfeng-backed consortium seeks to acquire NASDAQ-listed iKang Healthcare

iKang runs 110 self-owned operating medical centres, covering 33 of China’s most affluent cities as of March 12, 2018. Photo: iKang website

China’s iKang Healthcare Group, a major provider of private preventive healthcare services, said a consortium led by Yunfeng and Alibaba Investment Ltd (Alibaba) has officially proposed to make the company private by acquiring all of its shares in an all-cash transaction.

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