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ByteDance has acquired a high-end private hospital chain
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ByteDance has acquired a high-end private hospital chain
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executive summary
ByteDance, the parent company of short-video sharing platform TikTok has purchased Amcare Healthcare, a high-end healthcare provider in China. The healthcare provider will be operated by Xiaohe Health, a healthcare unit of ByteDance.
The deal, reported to be worth $1.5 billion, gives ByteDance access to a large database of patients accumulated since Amcare Healthcare was founded in 2006.
Amcare Healthcare, founded in 2006 in Beijing, China, offers medical services like maternity care, women's health, and pediatrics. The company also operates Amcare Women's Children's Hospital, which is the main brand of Amcare Healthcare in China.
From this topic, you will learn
✅Why Internet companies have been branching into the healthcare sector？
✅Cross-border business strategies between the Internet industry and the traditional medical industry
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