The consortium led by quoted outpatient operator Meinian has raised its bid for rival Chinese outpatient group, iKang, from $23.50 to US$25 per American Depository Share (ADS). That is 40% higher than the offer of US$17.80 from the management-backed consortium led by former iKang CEO, Zhang Ligang which is backed by Canadian pension fund, Ontario Teachers’ Pension Plan (OTTP), and the founder of Chinese online giant, Alibaba.