Ramsay Healthcare Limited
(ASX:RHC) says a proposed joint venture with Malaysian owned Sime Darby Berhad in Chengdu China will not go ahead.
A number of threshold conditions have not been satisfied and the deal with Chengdu Jinxin Healthcare Group has been pulled.
Ramsay Health was expected to be the first international hospital operator to invest in specialist facilities in the Chinese hospital market with its 25 per cent stake in the JV.
An initial investment of US$135 million was to be funded through existing debt.
Ramsay Healthcare reported a net profit of $239.7 million for the six months to end December 2015.
