Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

Frist family looks to China for new hospital venture

The Tennessean, July 29, 2008

The Nashville-based Frist family, which helped start the for-profit hospital chain HCA Inc., are launching a company to take the U.S. system of managing and operating hospitals to China. China Healthcare Corp. said it has an initial agreement with a city southeast of Shanghai to build and operate a hospital that would replace an existing location. The startup would own a 70% stake in the joint venture, while the government of Ningbo would own the remaining 30%. The agreement requires approval from the Chinese ministries of health and commerce, a process that takes up to nine months on average.