Mayo Clinic-Invested Company to Open General Hospital in Beijing

(Beijing) – Amcare Women's and Children's Hospital has become the first foreign-invested medical services institution in China to set up a general hospital, amid growing opportunities in the private hospital business.

Amcare Corporation, which is backed by U.S. investment giant Warburg Pincus LLC, entered a partnership with a joint venture company owned by American medical services group Mayo Clinic to set up a hospital in Beijing. The facilities will cater primarily to the emerging middle class, according to Amcare Corporation founder Hu Lan.