China's internet medical company, the We Doctor Holdings Limited yesterday accomplished its 500 million dollars pre-IPO fundraising target, which was led by the AIA Group and NWS Holdings.
Founded in 2010, the company is a medical and health platform which is dedicated to areas of medicine, health care services, insurance and among others. It is connected with government, hospitals, medical practitioners, pharmaceutical enterprises, and financial institutions, as part of an effort to build new and modern medical systems. It has 2,700 hospitals, 220,000 doctors, 15,000 pharmacies and 27 million active users per month.
The raised funds, according to the company, will go to the development of its Health Maintenance Organization (HMO) and cloud platform. Meanwhile, We Doctor has forged a long-term strategic partnership with its investor, the AIA Group. The AIA Group will be the priority insurance supplier for We Doctor. In return, their medical and health services will be accessible to AIA Group's customers.
The company was slated to consolidate its subsidiaries into a separate listing as early as the end of the year, according to an announcement it released previously. Its medical arm planned to go public in Hong Kong by the end of the year while its cloud platform will list in the A-shares market with no definite time yet.
Dozens of internet healthcare companies have sought for flotation until to now. China's leading insurance group, Ping An Insurance, listed its healthcare arm, the Ping An Healthcare, and Technology Company in Hong Kong last week.
The company was valued at 5.5 billion dollars after this round of fundraising.
Founded in 2010, the company is a medical and health platform which is dedicated to areas of medicine, health care services, insurance and among others. It is connected with government, hospitals, medical practitioners, pharmaceutical enterprises, and financial institutions, as part of an effort to build new and modern medical systems. It has 2,700 hospitals, 220,000 doctors, 15,000 pharmacies and 27 million active users per month.
The raised funds, according to the company, will go to the development of its Health Maintenance Organization (HMO) and cloud platform. Meanwhile, We Doctor has forged a long-term strategic partnership with its investor, the AIA Group. The AIA Group will be the priority insurance supplier for We Doctor. In return, their medical and health services will be accessible to AIA Group's customers.
The company was slated to consolidate its subsidiaries into a separate listing as early as the end of the year, according to an announcement it released previously. Its medical arm planned to go public in Hong Kong by the end of the year while its cloud platform will list in the A-shares market with no definite time yet.
Dozens of internet healthcare companies have sought for flotation until to now. China's leading insurance group, Ping An Insurance, listed its healthcare arm, the Ping An Healthcare, and Technology Company in Hong Kong last week.
The company was valued at 5.5 billion dollars after this round of fundraising.
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