(Yicai Global) Sept. 15 -- Shanghai United Imaging Healthcare Co. (UIH) completed its CNY3.3 billion (USD509.6 million) A-round financing, the largest single private equity financing in China's medical equipment industry. The A- round financing was co-led by China Life Insurance Big Health Fund and SDIC Fund Management Co.
China Venture Capital Co., Zhongjin Zhide Equity Investment Management Co., Citic Securities Co. [SHA:600030: HKG:6030], Kaiyuan Equity Investment Fund Management and other investment institutions also partook in the investment, UIH chair Xue Min said in an internal open letter.
After the financing, UIH will continue to increase investment in innovation to research and develop innovative products and technologies and provide cost-effective products and healthcare information solutions to benefit a wider range of society.
UIH is a high-tech company dedicated to the development, manufacturing and sales of a full range of large and high-end medical imaging equipment and providing a full range of healthcare solutions for healthcare institutions including diagnostic imaging equipment, radiotherapy equipment, medical service training and healthcare IT through independent innovation.
Founded in 2011, it is headquartered in Jiading district, Shanghai, with seven major product divisions including component, computed tomography, CT, molecular image, MI, magnetic resonance, MR, radio therapy, RT, healthcare software, HSW and X-ray, XR as well as research and development centers worldwide.
The company has submitted a total of more than 1,000 patent applications, of which more than half are invention patents. The company has independently researched and developed its first batch of 18 products and successfully released into the market.