find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (1-3 PAE)
Category: Insurance and Superannuation Law | Location: Sydney NSW 2000
· Join a dynamic Firm · Excellent career growth opportunity
View details
In-house lawyer 1-4 PAE
Category: Generalists - In House | Location: Adelaide SA 5000
· Leading Brand · Report to a Dynamic Legal Counsel
View details
Joint venture brings cancer treatment to China

Joint venture brings cancer treatment to China

New centres for cancer treatment in China will be operated as part of a joint venture between Australian and Chinese healthcare groups.

Firms: King & Wood Mallesons (Icon Group); Global Law (Yibai Healthcare)

Deal: Icon Group has entered a joint venture agreement with Yibai Healthcare.

Value: Undisclosed

Area: M&A

Key players: The KWM team advising Icon Group was led by Australia-based partner Mark McNamara (pictured) with support from special counsel Alex Elser. Advising on all PRC aspects of the deal were Shanghai-based partners Martyn Huckerby and Mark Zhang, with assistance from senior associate Jiang Liang.

Deal significance: The operation of radiation oncology centres in China is made possible by a joint venture between Australia’s largest provider of medical oncology, Icon Group, and China’s Yibai Healthcare.

Yibai Healthcare raised approximately $500 million to establish the new cancer centres over two years. The Chinese company is part of the Shanghai-listed Guizhou Yibai Pharmaceutical company.

Icon Group clinicians own 45 per cent of the Australian medical oncology provider, with the remaining 55 per cent owned by Quadrant Private Equity.

Commenting on the deal, partner Mark McNamara said: “We are delighted to continue to support Icon as it extends its footprint in the health and care sector into China and the rest of Asia. Our cross-border team drew on expertise in both Australia and Shanghai to achieve this important JV for the Icon Group."

KWM’s cross-border teams also advised Icon on its recent acquisition of Singapore Oncology Centre.

KWM partner Mark McNamara  

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Joint venture brings cancer treatment to China
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...