China-based AllinMD Orthopaedics Hospital raises US$100 million in funding round to improve training
- AllinMD Orthopaedics Hospital connects more than 150,000 registered doctors and 17,000 hospitals with patients
Liu Zhengrong, a former Chinese investor, was diagnosed with cancer in 1996. She found it difficult to sleep at night in hospital due to the suffering of people around her and the experience took her to a dark place.
She later opted for outpatient chemotherapy treatment - and survived.
In 2013, she founded China’s first internet hospital to focus on orthopaedics, AllinMD Orthopaedics Hospital. It connects more than 150,000 registered doctors and 17,000 hospitals with patients.
After registered patients upload their profile, the hospital will automatically match doctors with relevant expertise to their case, and follow-up treatment (both online and offline, such as surgery and rehabilitation) can be arranged.
The six-year-old internet hospital has just completed a US$100 million round of Series B funding to improve the education and skills of its doctors and to further develop AI applications, as China continues to adopt new technologies to improve its overburdened healthcare services.
The new round of funding was led by medical care-focused fund Sheares Healthcare Group, which is wholly-owned by Singaporean sovereign wealth fund Temasek Holdings, with participation from Tencent Holdings and Trustbridge Partners.