UIH Raises $500 Million in Series A Financing with Valuation of $5 Billion

This is by far the largest single private equity financing in China’s medical equipment industry. In this round of financing, China Life Healthcare Investment Fund and SDIC Fund Management Company Ltd. are co-lead investors together with other investors including China Venture Capital, CICC Zhide Capital, CITICS Investment, CDB Capital FOF, and CMBI&CT Fund.

“This financing will encourage United Imaging to continue to invest heavily in innovation, creating values for customers, shareholders, and employees, and contributing to the industry with innovative products and technologies, which ultimately benefits the public in general,” said UIH’s Chairman of the Board & Chief Executive Officer Xue Min.