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Zhong Lun Advised Taikang Life and Fosun Pharma on Their Investment in More than 10 Affiliated Hospitals under Xuzhou Coal Mining Group
Zhong Lun Advised Taikang Life and Fosun Pharma on Their Investment in More than 10 Affiliated Hospitals under Xuzhou Coal Mining Group
Fosun Pharma (600196) recently announced its investment with Taikang Life in more than 10 affiliated hospitals under Xuzhou Coal Mining Group, with a total investment amount of RMB 1billion. The transaction is a typical case that private institutional investors invest in hospitals under the control of state-owned company, involving substantial legal issues including restructuring, approval, taxation, and placement of employee etc..
The team of Zhong Lun Law Firm, led by Jason Liu and Wang Lijuan, with the support of Frank Zhu, Yuxin Fan, acted as the legal counsel to Taikang Life and Fosun Pharma. Zhong Lun’s legal service included designing the investment structure, carrying out legal due diligence, drafting transaction documents, and assisting in the negotiation.
