Shearman & Sterling is advising Hong Kong-listed Phoenix Healthcare on its approximately US$160 million acquisition of hospitals of CITIC Medical & Health Group (CITIC Medical).
CITIC Medical is a wholly owned subsidiary of CITIC Group Corporation, a large-scale state-owned enterprise under the administration of the State Council of the PRC. It is principally engaged in the businesses of medical and healthcare services and other related businesses.
Shearman & Sterling has advised on a number of high-profile Hong Kong and US public M&A and capital markets transactions in 2016. Recent and notable representations include advising Phoenix Healthcare on its acquisition of certain hospital businesses of China Resources Healthcare Group; advising the Special Committee of the Board of Directors of Mindray Medical on its approximately US$3 billion take-private transaction; advising the underwriters on Hutchison China MediTech’s US IPO; and advising on Sinco Pharmaceuticals’ Hong Kong IPO.