On September 19, 2019, AllinMD Orthopaedics (https://www.allinmd.cn), the frontrunner in China’s orthopedic medical ecology, announced the completion of the Series B financing with 100 Million US dollar. This latest investment was led by Sheares Healthcare, a medical-focused investment platform wholly-owned by Temasek Holdings (Private) Ltd., which is Singapore sovereign wealth fund, with Tencent, Trustbridge and the founder also participating. This financing of AllinMD Orthopaedics is one of the biggest financing projects in online medical industry in recent years, which shows the confidence and expectation from international investment market towards China’s medical industry as well as the business model of AllinMD Orthopaedics. China Renaissance served as the exclusive financial adviser for this financing.
Despite the rising remark of “capital cold winter”, AllinMD Orthopedics bucks the trend and regains the favor of capital, relying on its strategy of centering on big data as well as running through the orthopedic industrial chain. This financing project shows not only the high recognition of AllinMD Orthopedics’ commercial value and potential, but also the long-term vision of the investment institutions to improve the future healthcare services via technology innovation. It also brings enormous confidence to the online medical industry as a whole.
With the mission of “Contributing to the future of doctors and safeguarding the health of patients”, AllinMD Orthopaedics has made steady progress as the first online medical platform focusing on orthopedics in China since its establishment in 2013. At present, there are more than 150,000 orthopedic doctors registered on AllinMD Orthopedics online platform, covering over 17,000 hospitals. Moreover, two AllinMD Orthopaedics Centers of Excellent (COEs) have been established in Yinchuan and Chongqing respectively. With years of efforts, AllinMD Orthopaedics has grown up from an orthopedic educational platform for surgeons to a “one-stop” orthopedic service platform including training, accurate promotion, surgical treatment, group purchasing organization and clinical research. It has formed a new ecology of orthopedic industry with patient service as the focus, empowering doctors as the core, an interactive network of online platforms and offline hospitals as the carrier and big data and artificial intelligence technologies as the driving force. It has optimized the patients’ experience, enhanced the medical efficiency, expanded the capacity of medical supplies, and meanwhile helped the expenditure control for the national health insurance.
In recent years, with the upgrading of consumption, the contradiction between the growth of healthcare demands and the scarcity of high-quality medical services is increasingly difficult to be balanced. At the same time, the national new medical reform policy is also pushing the medical industry to rebuild a new ecology, and driving online medical industry to burst out unprecedented vitality. While many online medical enterprises are still exploring, AllinMD Orthopaedics has “pre-started” on the orthopedic track, depending on the “AllinMD mode” with intelligent management of the whole process including “information collection, image analysis, doctor-patient matching, online consultation, surgical diagnosis and treatment, implants delivery and post-op patient follow-up”, to become a practitioner of the new medical mode.
Ms. LIU Zhengrong, the founder and CEO of AllinMD Orthopaedics, said that AllinMD Orthopaedics was originally established aiming at assisting more doctors with more professional education and training, so that they could provide better medical services for more patients. Healthcare is an important matter related to people’s livelihood and a career that needs diligence and conscience. Nothing but serving the patients and doctors wholeheartedly can bring their trust and outstanding success in online medical industry.
It is reported with the capital and resources raised during this round, AllinMD Orthopaedics will be integrating multiple resources to jointly expand the offline hospital network and optimizing orthopedic services and patients’ experience, as well as bringing systematic orthopedic education to primary hospitals, gathering top experts, empowering doctors through the homogenization and optimization of education. In the meantime, with the help of the big data of professional orthopedic, it will assist the research and development of orthopedic artificial intelligence to accomplish the double breakthrough of efficiency and effectiveness at a closed cycle of the orthopedic industry and to realize the layout of the AllinMD Orthopedics ecology nationwide.