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Fujian Thai Hot Seeks Control of Alliance Healthcare for $102.5 Million

publication date: Jan 29, 2016
Fujian Thai Hot Investment Co. remains in negotiations to acquire 51.5% of Alliance HealthCare Services (NSDQ: AIQ), a US company that provides outsourced radiology, oncology and interventional services. Once it gains control, Thai Hot plans to expand Alliance's services to China. Thai Hot offered $102.5 million for the stake, at a price of $18.50 per share, from selling shareholders. Although most government approvals have been granted, a few closing conditions are still outstanding, and the two groups extended their provisional agreement until the end of February. More details....

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