Wanda to invest $2.3b in 3 UK-run hospitals

Dalian Wanda Group Co is venturing into the healthcare sector with a 15 billion yuan ($2.3 billion) investment in three hospitals in China, to be managed by a United Kingdom company.

Wanda, led by Asia's richest man Wang Jianlin, has joined hands with the UK-based International Hospitals Group for hospitals in Shanghai, Chengdu, Sichuan province, as well as Qingdao, Shandong province.

First off the block would be the international hospital in Qingdao, which is likely to open in July 2018, while construction on the other two will begin this year.