ARTICLE | Company News

Shanghai Fosun Pharmaceutical, Chindex International deal

April 28, 2014 7:00 AM UTC

Shanghai Fosun's Fosun Industrial Co. Ltd. subsidiary and private investment firm TPG will acquire Chindex for $24 per share in cash, or about $437.9 million based on 18.2 million shares outstanding as of April 10. The price is a 5% premium to Chindex's close of $22.94 on April 17, before the deal was announced. Chindex's board approved the deal, which is expected to close in 2H14. ...