China’s construction conglomerate, Wanda Group, has declared plans to venture into healthcare sector, noting that it will invest USD 2.3 billion in three hospitals in China.

Breaking the news on Wednesday, the group added that once finished, the new hospitals will be managed by a British company.

Wanda Group, which is owned by China's richest man, Wang Jianlin, started its work in property development, but during recent years it has been diversifying its activities by venturing into diverse areas ranging from entertainment to e-commerce as China's economy evolves, AFP reported.

According to some reports, the company is even mulling a plan to soon take a stake in US film studio, Legendary.

According to its new scheme, Wanda plans to fund construction of hospitals in China’s commercial hub, Shanghai, southwestern metropolis Chengdu and the port city of Qingdao, the firm said in a statement.

The statement added that the 15 billion yuan (USD 2.3 billion) investment is the largest healthcare investment to have been ever undertaken by a Chinese company.

The company stated that the hospitals will provide "international" standard care overseen by foreign directors.

The project is also the first to be managed and operated by Britain's International Hospitals Group (IHG), the statement said.

The British embassy in Beijing also released a separate statement saying that the firms involved in the plan have signed a 10-year partnership agreement during a ceremony, which was witnessed by Britain's Foreign Secretary Philip Hammond, who is currently on an official visit to China.

IHG hopes the projects will yield revenue of 300 million pounds (USD 440 million).

Wang Jianlin, the founder of Wanda Group, is known outside China for a string of overseas acquisitions including the organizer of Ironman extreme endurance contests, Swiss sports marketing group, Infront, and a stake in Spanish football club Atletico Madrid.

Wang gained international fame in 2012 by buying US cinema chain, AMC Entertainment, for USD 2.6 billion and his company owns more than 200 malls, shopping complexes and luxury hotels across China.