Fosun International Ltd. Pays $607 Million For Portuguese Hospital Chain

October 13, 2014 -- Fosun International has won a takeover battle for a 51% stake Espirito Santo Saude, a Portuguese chain of hospitals, clinics and nursing homes. Fosun upped its bid to $607 million, raising the price 4% from its previous offer of 4.82 euros per share to 5.01. Fosun's latest bid narrowly tops the 5 euro offer from UnitedHealth of the US, one of Fosun's chief rivals in the drama. The competition between bidders underscores the desire of investors to own hospital assets.

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