CPPIB to invest in healthcare platform of China's Neusoft
Canada Pension Plan Investment Board (CPPIB) has agreed to join an investor group to back a medical platform of China's Neusoft Corp. CPPIB, Chinese private equity firm Hony Capital, Goldman Sachs Group, Neusoft Holdings and Chinese venture capital firm Frontline BioVentures will invest 1.6 billion RMB (US$258.5 million) in Neusoft Medical Systems Co Ltd, and buy 1.13 billion RMB (US$182.6 million) of shares in the company from Neusoft Corp. Several investors also plan to invest US$170 million in Neusoft Xikang Healthcare Technology Co Ltd. The deals are intended to accelerate growth of the companies in the global healthcare market.
12 December 2014•7 mins read
