iKang Healthcare Group (KANG) approached by Yunfeng Capital and Alibaba

POTENTIAL DEAL DETAILS

iKang Healthcare Group, Inc. (KANG), a major provider in China’s fast growing private preventive healthcare services market, today announced certain developments with respect to the previously disclosed potential going private transaction proposed by Yunfeng Capital. The Special Committee has received a proposal from Yunfeng and Alibaba Investment Limited (“Alibaba”), proposing a transaction in which a consortium led by Yunfeng and Alibaba would acquire all of the outstanding shares.

Update(s):

March 26, 2018: iKang Healthcare Group, Inc. (KANG), a major provider in China’s fast growing private preventive healthcare services market, today announced that it has entered into a definitive Agreement and Plan of Merger with IK Healthcare Investment Limited , a special purpose vehicle wholly-owned by one or more affiliates of Yunfeng Capital and Alibaba Group Holding Limited ,  and IK Healthcare Merger Limited, a wholly-owned subsidiary of Parent.

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