DEMOGRAPHIC DILEMMA
Category: Health Care
Several Chinese bidders are sizing up bids worth a potential $4 billion for the diabetes care business run by global healthcare firm Johnson & Johnson, sources told Reuters. China is home to a third of the world’s diabetes sufferers, according to World Health Organization estimates, a large percentage of whom receive little or no treatment […]
China’s rapidly aging population is encouraging companies to invest in senior care facilities, with developer Vanke opening a large new development in Beijing this week, Caixin reports. The 100-bed center, which opened Wednesday, is to be operated jointly by a subsidiary of Vanke and a state-run utility firm called Beijing Enterprises Group Co. It sits next […]
China’s main focus in 2018 will be on high-quality development and reducing risks, China’s leaders have announced following the conclusion of the annual Central Economic Work Conference, People’s Daily reports. The annual meeting, which sets the country’s policy direction for the next year, took place Monday through Wednesday and was attended by President Xi Jinping and […]
Cardinal Health has agreed to sell its Chinese pharmaceutical and medical-products distribution business to a local rival. In a statement, Hong Kong-listed Shanghai Pharmaceuticals Holding said Wednesday it would acquire Cardinal Health China for $557 million after the exclusion of debt and other accounting adjustments. It put the “base payment” figure at $1.2 billion, the same price […]