Taikang Insurance Acquires US$168 Million Stake in Harmonicare
Beijing - Paul Hastings LLP, a leading global law firm, announced today that it advised Taikang Insurance Group Inc. (“Taikang”) on the acquisition of a 26.44% stake in Harmonicare Medical Holdings Limited, a company listed on the Hong Kong Stock Exchange and the largest private obstetrics and gynecology specialty hospital group in the PRC.
Taikang is a leading innovative insurance and financial service group in the PRC, with three core business lines covering insurance, asset management and health and elderly care. The acquisition is part of Taikang’s business strategy to expand in the healthcare and elderly care industries.
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