Quality HealthCare says parties keen on minority stake in elderly care ops

HONG KONG (AFX-ASIA) - Quality Healthcare Asia Ltd said several potential investors are keen to take up a minority stake in its elderly care operations.	    In a statement, the company said it is prepared to consider selling a minority stake as this would help the company reduce debt and continue the development of its elderly care business.	    Quality HealthCare said it plans to improve its margins this year, reduce debt, strengthen its balance sheet and improve management information systems.	    The company said it is monitoring China's healtcare reform programme, adding that there will be profitable opportunities for established healthcare providers in the relatively near future.	    As at end 2000, the group's bank and other borrowings stood at about 599 mln hkd.	    The company has a net asset deficiency of about 138 mln hkd as at end 2000, due to the write-off of goodwill following acquisitions in 2000. 

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