Micro-medical completed $500 million in Pre-IPO financing, valued at $5.5 billion

Today (May 9), Micro Medical announced that it has completed a strategic financing of US$500 million. This round of financing was led by AIA Insurance Holdings Co., Ltd. and NWS Holdings Co., Ltd., including CIC Zhongcai Fund Management Co., Ltd. Shareholders participated in this round of investment. Previously, the micro-medical had completed three rounds of financing, with a total financing of over $500 million.

It is understood that this round of financing is the largest pre-IPO financing currently completed by China's medical health technology industry. After the completion of financing, the valuation of micro-medicine is US$5.5 billion. Earlier, some media reported that the micro-medical will be listed in Hong Kong at the end of this year after the completion of Pre-IPO financing.

Micro-medicine said that after the financing, it will fully promote the construction of its new micro-medicine HMO and smart medical cloud platform “micro-medical cloud”. The new micro-medicine HMO integrates the resources and advantages accumulated by the micro-medicine in the fields of medicine, medicine and insurance for 8 years, and has formed a new medical and health service system of “online + offline, general science + specialist”, providing users with all-person, Managed medical and health services throughout the whole family. Micro Medical Cloud uses the Internet, big data, and artificial intelligence technologies to provide smart medical cloud and medical artificial intelligence solutions to governments, medical institutions, and healthcare companies to improve the effectiveness of traditional medical service systems.

微医完成5亿美元Pre-IPO融资,估值55亿美元

Micromedicine General Center (micro medical map)

In addition, Micromedicine plans to develop strategic cooperation with strategic investors to strengthen platform service capabilities. After this investment and signing the strategic cooperation agreement, AIA will become an important life and medical insurance partner of micro-medicine. Both parties are committed to providing innovative and high-quality products and services to improve the health of people in China and the Asia-Pacific region.

In the future development, micro-medicine will strengthen the use of the Internet, big data, artificial intelligence technology to drive the "medical, pharmaceutical, and insurance" industry upgrades, and promote the efficiency of existing medical health service systems and the popularization of managed medical health services through scientific and technological means.

Founded in 2010 by Liao Jieyuan and his team, Micromedical is mainly engaged in the business areas of micro-medicine, micro-medicine, micro-medical insurance and micro-medical cloud. Micro-medical companies, hospitals, doctors, pharmaceutical companies and financial institutions, build a new medical service system for the future. The micro-medicine platform now connects more than 2,700 hospitals, 220,000 doctors, 15,000 pharmacies and 27 million monthly active users, providing more than 870 million visits to 110 million platform real-name registered users.

Since the establishment of the registration registration platform registration network, micro-medicine has continued to innovate, has created a team medical model, created the first Internet hospital in China - Wuzhen Internet Hospital, and launched a smart health terminal integrated with software and hardware - micro medical communication, In the field of intelligent medical care, we launched two smart medical product systems: “Rui Medical Smart Doctor” and “Huawei Smart Doctor”.

微医完成5亿美元Pre-IPO融资,估值55亿美元

Wuzhen Internet Hospital (micro medical map)

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