Columbia Pacific Management is a U.S. investment firm that manages and operates healthcare operations in various countries worldwide.
Under terms of the agreement, both entities will co-own a 220-bed orthopedic hospital, two multispecialty clinics and three senior living facilities in Shanghai and Beijing. The venture will also develop three 300 to 500-bed multispecialty hospitals, as well as a number of other projects, according to the article.
The joint venture, ColumbiaChina, is Columbia Pacific Management’s second venture into the Asian healthcare industry. In July, the company agreed to a $101 million deal with Tokyo, Japan-based investment firm Mitsui & Co, according a second Seattle Times article.
More articles on finance:
Ohio hospitals see uncompensated care fall 64%
Startup launches social network for healthcare prices
Fee-for-service reimbursement inadvertently punishes our best efforts.
