Caixin
Sep 11, 2018 07:40 PM
BUSINESS & TECH

Alibaba-Led Group Creates New Twist in Clinic Chain’s Privatization Saga

Physical checkups are conducted at a medical examination center in Hefei, Anhui province, on Aug. 1. Photo: VCG
Physical checkups are conducted at a medical examination center in Hefei, Anhui province, on Aug. 1. Photo: VCG

A consortium that includes Alibaba Group Holding Ltd. is reconsidering its plan to privatize Nasdaq-listed clinic operator iKang Healthcare Group Inc., adding another chapter to a three-year-long acquisition drama.

IKang said it was informed about the change by the consortium, which said it is “re-evaluating the commercial viability” of the deal that was inked in March to take over the company for $20.60 per American depositary share (ADS).

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