Online Medical Platform Guahao Raises USD 394 Mln in New Funding
Sina Tech, 9/24/15
Guahao.com Limited, operator of Chinese online and mobile hospital appointment-booking platform Guahao, recently announced that it has completed USD 394 mln in new funding led by Beijing-based private equity fund Hillhouse Capital Management and Goldman Sachs. Chinese internet and mobile services firm Tencent (0700.HK), Fosun Group, and China Development Bank Corporation's private equity subsidiary CDB Capital also participated in this round. Guahao plans to use USD 300 mln of the new funding to build a national online tiered healthcare platform, and the remaining USD 94 mln, combined with USD 56 mln from the company's capital reserves (for a total of USD 150 mln), to establish five surgery centers at select national healthcare organizations, to provide O2O healthcare services for its 110 mln users.
At the same time, Guahao.com Limited announced that it will change its name to We Doctor Group Co., Ltd. We Doctor Group will oversee three business lines: Guahao.com will be the company's official site, the We Doctor (Weiyi) mobile healthcare appointment registration and consultation app will be the company's primary mobile platform, and 'We Doctor ACO' (Accountable Care Organization) will be the company's health insurance system operator.
Editor's Note: The PRC operating entity for Guahao.com, Guahao.com (Hangzhou) Technology Co., Ltd., is owned by Guaohao.com Limited and Hangzhou Guangfa Technology Co., Ltd. For more information on this topic, please see "Rumor: Online Medical Platform Guahao Wins USD 300 Mln Funding," MD 9/22/15 issue.
Keywords: online healthcare VC M&A Fosun Group Internet funding Goldman Sachs Hillhouse Capital mobile healthcare Guahao CDB Capital Guangfa Technology
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