Chinese state-owned conglomerate China Merchant Group (CMG) conglomerates has on Monday (Oct 9) agreed to a US$1 billion deal with Lippo Group for the construction of health facilities in China. The deal is part of Lippo’s plan to expand its hospital business in Asia. In second phase, CMG and Lippo will expand cooperation into infrastructure sector and new city development. Lippo now has one hospital and 10 clinics in China, 12 hospitals in Japan, four hospitals in Myanmar,100 clinics combined in Singapore and in Vietnam.