Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Healthcare & Pharmaceutical Tools: Save | Print | E-mail | Most Read | Comment
Private Dental Clinic Courts Foreign Investment
Adjust font size:

Jiamei Dental Medical Management Group (Jiamei), owner of 60 chain clinics around the country, recently received US$10 million investment from two overseas venture capital investors: America-based Susquehanna International Group and Britain-headquartered Martin Currie Investment Management Ltd.


The injection of foreign capital makes Jiamei the first joint-venture among private medical groups in China, though the overseas investors declined to reveal their shares in Jiamei, the 21th Century Business Herald reported on August 7.


The investment enables Jiamei to open 40 more clinics around the country by the end of this year, according to Liu Jia, the group's CEO. The dental group plans to own 300 clinics nationwide by the end of next year, and the expansion requires Jiamei to collect another US$40 million investment before the end of this year.


The Beijing-headquartered dental medical group plans to expand its business to the Yangtze River Delta, Zhujiang River Delta, and economic zones around Bohai Bay, partially through the purchase of other medical clinics. To date, the private dental business has accounted for 15 percent of the domestic market, while state-owned medical institutions hold the remaining 75 percent.


With investments totaling US$4.5 billion on the Chinese mainland, Martin Currie Investment Management Ltd has become one of the biggest overseas institutional investors in China's A-share stock market.


( by Wu Jin, August 7, 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Time for Dental Care
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号