50+ Businesses That Are Not American Anymore

Published on 10/22/2021
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University of Texas MD Anderson Cancer Center

Many people were perplexed when it was revealed in 2012 that a Beijing-based company called Concord Medical Services had bought a fifth of the University of Texas M.D. Anderson Cancer Center Proton Therapy Center. Despite the fact that the incident had no bearing on the university’s ownership stakes, the Chinese company’s profile was raised as a result of it. Dr. Jianyu Yang stated, “Proton therapy has gained widespread acceptance as a type of radiation therapy.”

University Of Texas MD Anderson Cancer Center

University Of Texas MD Anderson Cancer Center

Concord Medical’s medical chairman and chief executive officer is him. Concord Medical has announced that it plans to open and operate two proton centers in China. “This transaction will provide us with the opportunity to gather valuable experience and knowledge about the operations of a proton treatment center from the world’s leading provider of proton therapy cancer care.”

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Hilton Hotels

Hilton Hotels & Resorts was founded by Conrad Hilton in 1919. It has been in operation for more than a century, which is a remarkable achievement. In a short period of time, Hilton has gone from a handful of locations to a household name. There are now 586 hotels in 85 countries, which is a significant increase.

Hilton Hotels

Hilton Hotels

In 2016, HNA Group, a Chinese aviation and shipping company, paid $6.5 billion for a 25% stake in the hotel chain. It then overtook the previous record holder as the company’s largest shareholder. HNA had also purchased Carlson Hotels earlier this year in order to expand its hotel holdings. Hilton was valued at around 26 billion dollars when it was sold to HNA.

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