Beijing-based private equity firm DCP Capital Partners is in talks to acquire one of the leading maternity and pediatric care hospital chains in China, according to people familiar with the matter. American-Sino OB/GYN/Pediatrics Services, also known as Meihua Hospital, could be valued at about $400 million to $500 million in a sale, one of the people said.

Meihua Hospital was set up in 2003 to provide women and children’s health care services in Shanghai, according to its website. It now serves more than 80,000 people each year with more than 400 physicians and nurses. It has facilities in Shanghai, Beijing and Hangzhou.

Founded in 2017, DCP Capital is led by former KKR & Co. and Morgan Stanley private equity dealmakers. Its medical and health care portfolios include investments in medical device maker Venus MedTech Hangzhou Inc. and umbilical cord blood storage company Global Cord Blood Corp., according to its website.


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Source: BNN Bloomberg