Zhejiang BangEr Orthopedic Hospitals raised $47 Million in a Series C financing that was led by Qiming Venture Partners. Headquartered in Hangzhou, BangEr offers private orthopedic services through a network of 14 hospitals, providing western-style treatment. Its facilities include a 400-bed orthopedic hospital in Jiaxing City for complicated cases, a facility that draws from the company’s other “feeder” units. The company has a regional presence and plans to eventually spread across all of China.
Source: China Biotoday
