China's iKang announces acquisition of INLUNG

 22-Dec-15, Benzinga

iKang Healthcare Group, China's largest private preventive healthcare services provider, today announced that it has acquired 70% equity interest of Xi'an iKang Health Management, which has 100% ownership in three medical centers under the brand name of Xi'an INLUNG, namely Xi'an Lianhu INLUNG Medical Center, Xi'an Weiyang INLUNG Medical Center and Xi'an Yanta INLUNG Medical Center.

Image: Sapphire Healthcare

This acquisition will mark iKang's first steps into Xi'an, the capital city of Shaanxi. The provincial capital is a leading city among the five northwestern provinces. Xi'an INLUNG, founded in 2011, is one of the major private medical examinations service providers in Xi'an.

Mr Lee Ligang Zhang, Chairman and CEO of iKang, commented on the acquisition. "Xi'an is another key strategic market for iKang. The acquisition of these three medical centers will not only help to strengthen our presence in Tier 2 cities, it will also enable us to expand our reach into nearby cities in Shaanxi and build a much stronger presence in Northwest China."

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