U.S. Hospital Firms Hungry to Expand Look to China

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ProMedica, a nonprofit operating more than a dozen hospitals across Rust Belt communities in Ohio and Michigan, is looking to a new market to bolster its anemic growth: China.

Executives and staff from the Toledo-based nonprofit have been touring hospitals in Shanghai, Shenzhen and Chengdu, exploring possible deals in the world’s second-largest economy that they hope will help offset weak revenue growth at home.

“We…



Source link – https://www.wsj.com/articles/overseas-markets-beckon-u-s-hospital-firms-hungry-to-expand-1524394800?mod=pls_whats_news_us_business_f

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