German healthcare operator signs agreement with 3 Chinese firms

German healthcare operator and medical product provider Artemed Group said on Tuesday that it would set up a hospital in the China (Shanghai) Pilot Free Trade Zone.

The group signed a framework agreement with investment company Silver Mountain Capital, Shanghai Waigaoqiao FTZ 3U-Development Co and Shanghai Waigaoqiao FTZ Healthcare Center on Tuesday. The hospital will be the first fully foreign funded medical institution to be set up in the 28-square-kilometer FTZ.