iKang Healthcare will form an investment partnership with China Industrial Asset Management to build and/or buy more China clinics. iKang operates a chain of private preventive healthcare clinics in China that cater to corporate clients.

The partnership between the two companies will raise a fund of up to $74 million for the new clinics. iKang will operate the clinics for at least two years and then return the investment at a price of the original cost plus 15% per year.