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Shanghai Pharma to Acquire China Health System Ltd.

Nov. 29, 2010

In a mega-transaction for the Chinese pharmaceutical industry, Shanghai Pharmaceutical has announced on November 30, 2010 that it will acquire a 55.5% stake in China Health System Ltd for up to RMB 4 billion (~$600 million).
These news come only one day after Cardinal Health announced the completion of the $470 million acquisition of privately held Zuellig Pharma China, a leading health care distribution business in China, known locally as Yong Yu.