China’s Concord Medical Sets Up $145M Healthcare Fund For Cancer Investments

New York Stock Exchange-listed Chinese hospital management solutions provider Concord Medical Services Holdings Ltd. has set up a healthcare fund in partnership with Zhongrong International Trust Co., Ltd., it said in a statement.

The Zhongrong Taihe Healthcare Fund, established in October 2016, will aim to raise RMB1 billion (US$145 million) to invest in healthcare companies in China, especially in the cancer diagnosis and treatment field.

China has a huge market for cancer diagnosis and treatment. In 2015, the number of new cancer cases in China was 4.29 million, and 2.81 million patients died from cancer in the year.

Concord Medical, an operator of the largest network of radio...

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