May 19, 2015 06:57 PM

Public Hospitals to Be Opened to Investors, State Council Says

(Beijing) – Some public hospitals around the country will be opened to private investors as part of an overhaul of the hospital system, the State Council said on May 17.

The cabinet has not announced how the hospitals will be chosen or what stakes investors can hold, but it urged hospital administrators to evaluate assets ahead of the change.

The privatization push is part of an overhaul of the 6,800 public hospitals in the country's urban areas that is to be completed by the end of 2017.

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