Luye Medical Group, an affiliate of Luye Pharma (HK: 2186), signed an MOU to bring international healthcare expertise to Chongqing (see story). Luye will commit $300 million to bring up-to-date healthcare to a large healthcare complex being built by the Jiangbei District of Chongqing. Luye will run the complex while the district will provide the facilities. In 2016, Luye Medical closed a $688 million deal to acquire Healthe Care Australia, a chain of 17 Australian hospitals.
