Kanghua Healthcare to Raise $154 Million in Hong Kong IPO

Guangdong Kanghua Healthcare is on track to complete a $154 million IPO in Hong Kong in early November. The company owns two private hospitals in Dongguan, a city in China's southern Guangdong province, with a total of 2,486 registered beds. Currently, a regional hospital operator, Kanghua must expand geographically to grow. It will devote 35% of the IPO's proceeds to buying other China hospitals. Ultimately, it plans to own 30 hospitals with 15,000 beds, according to the company's chairman, Junyang Wang. More details.... Share this with colleagues: // //