China Everbright enters elderly care business by acquiring Huichen

181516 DALLAS: China Everbright Limited (CEL), a Hong Kong listed conglomerate, has acquired a 67.27 per cent stake in Beijing Huichen Nursing Home Management Co., a leading elderly health care services provider in China.

CEL did not disclose the deal value, but said after the acquisition, it would maintain the stability of the Huichen management team and take part in the company’s operations and management.

Established in 2007, Huichen provides services including elderly health care, geriatric treatment, rehabilitation and community services….

Full story covered in the Seniors Housing & Healthcare Trends.