Concord Medical launches $150m healthcare fund

Jan 16, 2017 • Robert Lavine

Radiotherapy and diagnostic imaging services provider Concord Medical has joined forces with investment firm ZRT for a strategic healthcare fund.

China-based healthcare services provider Concord Medical Services launched a RMB1bn ($150m) strategic investment fund in partnership with investment firm Zhongrong International Trust (ZRT) on Friday.

Concord provides radiotherapy and diagnostic imaging services to patients in a chain of 123 centres across 52 Chinese cities. The centres are located on the sites of its partner hospitals, for which it supplies technology and expertise.

The firms agreed in October 2016 to establish Zhongrong Taihe Healthcare Fund, and put up the financing for…

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