Saturday, May 21, 2016
iKang Healthcare Group, Inc., China’s largest private preventive healthcare services provider, today announced that it has completed the acquisition of 100% equity interest in Beijing Bohui Clinic Co. Ltd. (“Beijing Bohui”) and Beijing Zhongpu Bohui Clinic Co. Ltd. (“Zhongpu Bohui”). Beijing Bohui has now officially opened after its relocation, acquiring all necessary licenses including the Medical Institutions Practice License and Business License, and Zhongpu Bohui is currently in the middle of evaluating a new location for its business.
iKang currently operates 18 medical centers in Beijing before the acquisition, and Beijing Bohui enjoys a prime location in Dongcheng District where iKang has no presence. With its loyal customer base, high quality of service and stellar reputation, Bohui will help to further reinforce iKang’s leading position in Beijing’s highly competitive market.
Mr. Lee Ligang Zhang, Chairman and Chief Executive Officer of iKang, commented on the acquisition. “We are delighted to welcome Bohui and their committed team into our family. This acquisition will further enhance iKang’s competitiveness in Beijing as Beijing Bohui’s excellent location and its mid-end positioning fit perfectly into iKang’s business strategy.”
He added, “As a pioneer in China's preventive healthcare services market, iKang will continue to optimize our network by accelerating market expansion in China to increase our competitiveness and offer a better nationwide service.”
Source : ir.ikang.com
