China Resources Buys Majority Stake in GenesisCare, a $1.3 Billion Australian Healthcare Chain

China Resources and its partner will acquire a majority state in GenesisCare, Australia's largest provider of radiation oncology and cardiology services, at a valuation of $1.3 billion. China Resources plans to expand Genesis's services into China. In Australia, GenesisCare has 27 cancer treatment centers, 10 major cardiac centers and 70 smaller cardiac centers. CR, a state-owned conglomerate, is joined in the acquisition by Sydney-based investment bank Macquarie Group. More details.... Share this with colleagues: // //