Sihuan Pharma, its Chairman and a Morgan Stanley unit agreed to purchase a 69% stake in a Nanjing Jiangbei People’s Hospital for $66.8 million. The acquisition will be made through a Joint Venture, Renfang Medical Holdings Ltd., which was formed by the three partners. Earlier last month, Renfang paid $133.5 million for a stake in another hospital, located in Huaiyin, Jiangsu Province.
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