Taikang Buys 26% of China Hospital Operator Harmonicare for $169 Million

Taikang Insurance Group paid $169 million to acquire 26.4% of Harmonicare Medical Holdings, a China chain of eleven women's and children's hospitals. The price was set at HK$6.54 each, a 13% premium to the previous closing price of HK$5.80. Harmonicare completed a Hong Kong IPO last year at HK$7.55, but its stock price hasn't done well since then. In June of this year, it hit a low of HK$3.57, less than half the IPO price. More details.... Stock Symbol: (HK: 1509) Share this with colleagues: // //