Dalian Wanda, the Chinese property-to-entertainment company headed by China’s richest man, Wang Jianlin, is to branch out into one of the hottest mainland investment sectors: private hospitals.
Wanda said today it would invest Rmb15bn ($2.3bn) to build three big international hospitals in the Chinese cities of Shanghai, Chengdu and Qingdao.
Wanda said it would be the “largest of its kind in the healthcare sector for a Chinese company” and will be managed by International Hospitals Group, the UK hospitals group. Wanda is also in talks to buy Legendary Entertainment, the Hollywood company behind such films as Godzilla and Pacific Rim.
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