Healthcare IT Today August 11, 2022
John Lynn

The news recently came out that the TikTok ownwer, ByteDance, has paid $1.5 billion for Amcare Healthcare, one of China’s largest private hospital chains.  You might wonder why TikTok’s owner would want to buy a hospital chain.  Plus, I can already here the privacy critics coming to complain about TikTok (known for its privacy and tracking issues) owning a healthcare organization.  Can you imagine the uproar if news came out that Facebook had acquired a big healthcare system in the US.  It would go crazy with fears over privacy even more than the ones we heard when Amazon acquired OneMedical and Google acquired Fitbit.

While it’s interesting to see ByteDance acquire a hospital, it’s likely not connected to TikTok at...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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