United Family Healthcare, a chain of nine private China hospitals, agreed to be acquired by New Frontier Corp., a public investment vehicle, at an expected value of $1.44 billion. UFH is currently owned by TPG and Fosun Pharma. It is one of the largest integrated private healthcare service providers in China by revenue. Its nine hospitals (including two under construction) and 14 clinics are located in first and select second tier cities. UFH plans to continue to grow through organic expansion and strategic acquisitions. Source: China Biotoday
