OUE Lippo Healthcare to pick 70% stake in Wuxi Bohai Hospital
Singapore-based OUE Lippo Healthcare Limited (OUELH) has announced that it will acquire a 70 per cent stake in Wuxi Bohai Hospital Co. Ltd for approximately RMB 9.8 million or S$1.9 million.
OUELH will manage and operate the Grade II 100-bed hospital located in Wuxi, Jiangsu.
According to OUELH, this acquisition, which is expected to be completed by 31 December 2019, is in line with the company’s strategy of expanding hospital operations business.
“The acquisition is in line with our asset-light strategy, as we strengthen our presence in China and build upon our hospital operations and management business,” said OUELH CEO Yet Kum Meng.