China's Aier Eye Hospital Group agreed to pay $166 million to acquire a 59% stake in ClínicaBaviera, S.A., a Spanish company with ophthalmology clinics in Spain, France and Germany. Aier says the deal would make it the largest ophthalmology group in the world. Aier made the offer to six insiders who own 69% of ClinicaBaviera. Three insiders and some management decided to retain 10% of the company. Aier also intends to buy the outstanding 41% of the company three years from now.
Source: ChinaBio Today
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