With Funds Flowing In, Health-care Firms Are Hale and Hearty

(Beijing) – Even in a sector that has seen private money pouring in over the last few years, the latest fund raising of a Chinese health-care company caused pulses to race.

IKang Guobin Health Care Group, a health-care service provider, said in April it had raised US$ 100 million from investment bank Goldman Sachs and Singapore's sovereign wealth fund, Government of Singapore Investment Corp. (GIC).