China: KN Hospital takes majority stake in two hospitals

Wenzhou Kangning Hospital (KN Hospital), the largest private psychiatric speciality care service provider in China, continues to expand with two new acquisitions. It is to increase its stake in Beijing Yining Hospital to 51% with Rmb16.6bn (US$2.4m) made up of a capital injection and equity subscription. Beijing Yining Hospital is a profit-based psychiatric hospital located…