China Insight - Lifesciences
Greenfield Establishment or Acquisition
Since the National Health and Family Planning Commission (“NHFPC”) and the Ministry of Commerce (“MOFCOM”) jointly released the Circular on Carrying out the Pilot Program Establishing Wholly Foreign Owned Hospitals (the “Circular”), which was effective on 25 July 2014, the seven cities and provinces where the pilot program is being operated, i.e. Beijing, Tianjin, Shanghai, Jiangsu, Guangdong, Fujian and Hainan, have seen booming foreign investment to set up wholly foreign owned hospitals either by way of greenfield establishments or through the acquisition of existing facility hospitals.
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