China healthcare draws investors
10-Dec-14, The New York Times
The country’s pharmaceutical supply chain is rife with corruption. Doctors and hospital staff have been attacked and even killed by patients who have been refused treatment. Farmers unable to pay for surgical amputations have made headlines by sawing off their own limbs.
Despite all this, Chinese health care is quickly becoming one of the most popular sectors for investors looking for the next great untapped market. Foreign and local private equity groups, drug companies, hospital operators and even construction companies are pouring record amounts of money into China to invest in hospitals, clinics, pharmaceutical businesses and medical equipment manufacturers.
Mergers and acquisitions in China’s health care sector rose to a record $11.3 billion in the first 11 months of this year, up 13 percent from the $10 billion in the same period a year earlier.
