Fosun eyes nearly $1 billion in Brazil hospital deals -report

October 5, 2016 12:52 PM

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SAO PAULO Oct 5 Chinese conglomerate Fosun International Ltd is in advanced talks to acquire Hospital da Bahia, a Brazilian hospital in the northeastern city of Salvador, for about 1 billion reais ($308 million), according to a newspaper report on Wednesday.

Brazilian business daily Valor Economico reported, without saying how it obtained the information, that Fosun was also looking to spend an additional 2 billion reais on other acquisitions to form a Brazilian hospital chain.

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