Singapore: OUE Lippo takes over Wuxi hospital

SGX-listed OUE Lippo Healthcare intends to complete its acquisition of Wuxi Bohai Hospital, a Grade II 100-bed hospital in Wuxi, Jiangsu for Rmb9.8m (US$1.4m). It already holds a 30% stake in the hospital. When the deal completes it intends to rename the hospital to Wuxi Lippo Xi Nan Hospital. Bohai Hospital is situated in China’s Jiangsu Province, and serves…

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