AllinMD Orthopedics Hospital of Beijing closed a $100 million Series B round to build its combination of orthopedic hospitals and internet medical care. The round was led by Sheares, a medical care fund of Singapore’s sovereign wealth fund Temasek, and H Capital, a US venture capital firm. Tencent and Trustbridge Partners also participated. AllinMD will use the capital to increase the number of its physical hospitals while also expanding its online education services to more orthopedic doctors in China’s smaller cities and rural areas. Source: China Biotoday
