DCP Capital in talks to acquire Chinese maternity hospital chain

A doctor stands in the hallway of a hospital ward. Photo: Pixabay

Beijing-based private equity firm DCP Capital Partners is in talks to acquire one of the leading maternity and pediatric care hospital chains in China, according to people familiar with the matter.

American-Sino OB/GYN/Pediatrics Services, also known as Meihua Hospital, could be valued at about $400 million to $500 million in a sale, one of the people said.

Discussions are ongoing and may not lead to a transaction, the people said, asking not to be identified as the matter is private. A representative for DCP declined to comment. A representative for Meihua Hospital didn’t immediately respond to requests for comment.

Meihua Hospital was set up in 2003 to provide women and children’s health care services in Shanghai, according to its website. It now serves more than 80,000 people each year with more than 400 physicians and nurses. It has facilities in Shanghai, Beijing and Hangzhou.

Founded in 2017, DCP Capital is led by former KKR & Co. and Morgan Stanley private equity dealmakers. Its medical and health care portfolios include investments in medical device maker Venus MedTech Hangzhou Inc. and umbilical cord blood storage company Global Cord Blood Corp., according to its website.

China has signalled willingness to ease birth restrictions further as the world’s most populous country is aging more quickly than most developed economies.

Bloomberg

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.