Universal Medical Imaging secures RMB600m Series B to accelerate its expansion in China

Shanghai-based Universal Medical Imaging, China’s largest independent imaging diagnosis company, has secured 600 million yuan in a Series B round of financing. The current round was led by led by Cathay Capital, V Star Capital and CEC Capital. Other investors include state-owned Tianjin Teda Group and JuneYao-backed GT Capital while existing investor Tianjin Hidea Investment Management Co., Ltd al

Shanghai-based Universal Medical Imaging, China’s largest independent imaging diagnosis company, has secured 600 million yuan in a Series B round of financing. The current round was led by led by Cathay Capital, V Star Capital and CEC Capital. Other investors include state-owned Tianjin Teda Group and JuneYao-backed GT Capital while existing investor Tianjin Hidea Investment Management Co., Ltd also infused money.

This is currently the largest investment in the industry. Chinese healthcare-focused investment company CEC Capital served as a financial advisor for the deal.

Universal Medical Imaging is the founder of the first independent imaging diagnosis center in China. The company focuses on the imaging diagnosis of difficult diseases, and provides exclusive medical services such as accurate imaging diagnostic services, in-depth health examination services, and multi-disciplinary joint consultation for patients.

Amid the outbreak of the COVID-19, the company has fully leveraged its professional advantages in accurate image diagnosis, offered its cloud-based resource-sharing platform to medical institutes across China, and worked with first-line medical staff to provide image diagnosis support.

As an industry leader, Universal Medical Imaging has now covered a number of imaging centers in key cities across the country. The company will use the proceeds to build its operations network and accelerate its expansion in the country.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/universal-medical-imaging-secures-rmb600m-series-b-to-accelerate-its-expansion-in-china/.

Leave a Reply

Please Login to Comment