Sequoia China-Backed Hospital Chain Raises $400 Million

(DealStreetAsia) — Chinese hospital chain Hong Kong Asia Medical Group has secured $400 million in a Series D round of financing to help patients with cardiovascular diseases across Asian markets including greater China and Japan.

The Series D round was jointly led by Country Garden Venture Capital (CGVC), an equity investment arm of Chinese property developer Country Garden, and Chinese private equity firm Primavera Capital Group, CGVC announced in a statement on its official WeChat account on Thursday.