Taikang Life Insurance Co., China's fifth-largest insurer by sales, has agreed to acquire a stake of NorthStar Realty Finance Corp.'s senior care properties for US$1 billion. New York-listed NorthStar Realty, a U.S. investment trust, owns over 460 healthcare properties, including 200 eldercare homes in the U.S. and U.K. The properties are valued at US$6.1 billion, […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.