Fosun Pays $607 Million to Acquire Portuguese Hospital Chain

Fosun International has won a takeover battle for a 51% stake Espirito Santo Saude, a Portuguese chain of hospitals, clinics and nursing homes. Fosun upped its bid to $607 million, raising the price 4% from its previous offer of 4.82 euros per share to 5.01. Fosun's latest bid narrowly tops the 5 euro offer from UnitedHealth of the US, one of Fosun's chief rivals in the drama. The competition between bidders underscores the desire of investors to own hospital assets. More details.... Stock Symbol: (HK: 656) Share this with colleagues: // //