CNBC August 10, 2022
Ashley Capoot

Key Points

– ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end healthcare organization called Amcare Healthcare for $1.5 billion.

– Amcare Healthcare was founded in Beijing in 2006 and it offers medical services like maternity care, women’s health and pediatrics.

TikTok parent-company ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end healthcare organization called Amcare Healthcare.

Bloomberg said the deal is worth $1.5 billion.

Amcare Healthcare was founded in Beijing in 2006 and it offers medical services like maternity care, women’s health and pediatrics. It also operates Amcare Women’s & Children’s Hospital, which is the...

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