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Concord Medical Announces Divestment of Singapore Concord International Hospital

Concord Medical Announces Divestment of Singapore Concord International Hospital News provided by Share this article Share this article BEIJING, Dec. 28, 2020 /PRNewswire/ Concord Medical Services Holdings Limited ( Concord Medical or the Company ) (NYSE: CCM), a healthcare provider specializing in cancer care, research and prevention by operating a network of medically advanced comprehensive cancer hospitals and standalone radiotherapy and diagnostic imaging centers in China, today announced that the Company has, through its subsidiaries, entered into a definitive agreement to sell 90% equity interest in Concord Healthcare Singapore Pte Ltd, which operates and owns a general medical and surgical hospital, namely Concord International Hospital ( CIH ), for a total consideration of approximately SG$52.2 million. The purchasers have taken over the management of CIH and Concord Medical has ceased control over the management of CIH since the closing date in November 2020. Conc

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