China: Hygeia Healthcare agrees to acquire Etern Group for Rmb1.73bn backed by loan

Shanghai-based, Hong Kong-listed Hygeia Healthcare has agreed to acquire Etern Group for the dollar equivalent of Rmb1.73bn (US$270m). Etern Group holds 98% of Suzhou Yongding Hospital, a private for-profit general hospital in Suzhou City, China. Backing the acquisition is a three-year term loan of principal US$152m that pays interest at the rate of three-month Libor…