Neurosurgery Hospital Group Sanbo Brain Closes ￥800M Series B Round

According to lieyunwang.com, Sanbo Brain Hospital Management Group Ltd. ("Sanbo Brain"), a well-known neurosurgery hospital group, has closed its Series B financing of more than 800 million yuan, led by Taikang Insurance Group, with participation from CEC Capital, GF Xinde Investment Management, Hongding Investment, Pudao Medical, Beyond Fund, and Puhong Capital.

Zhang Yang, chairman of Sanbo Brain, said, "The successful completion of the latest round fully demonstrates the recognition of Sanbo's brand and value in the capital market, which will effectively promote the sustainable development of Sanbo. Proceeds of this financing will be used for scientific transformation, talent recruitment, medical hardware application and other aspects, to improve our brand, promote the layout of regional network orderly, realize rapid growth, and help more patients regain their health."

Founded in November 2003, Sanbo Brain's legal representative is Zhang Yang. After 16 years of development, the group owns seven large hospitals (including one under construction) in Beijing, Chongqing, Hunan, Fujian, Henan, Yunnan and other 6 provinces and cities. Its flagship hospital, Sanbo Brain Hospital of Capital Medical University, is one of the top neurology hospitals in China and has been in the forefront of neurosurgery with Tiantan Hospital and Xuanwu Hospital for many years in the ranking of medical service capacity released by the Beijing Municipal Health Commission (formerly named "Beijing Municipal Commission of Health And Family").

Since its establishment, Sanbo Brain has gathered a large number of medical elites with profound medical knowledge, rich clinical experience and modern medical concepts, laying a solid foundation for high-quality medical services, systematic talent training mechanism, as well as the discipline construction and scientific researches.

Founded in 1996, Taikang Insurance Group is an insurance and financial service conglomerate focused on insurance, asset management and health and elderly care as main businesses. Its product covers life insurance, internet-based financial insurance, enterprise annuity, asset management, health and elderly care, health management and commercial real estate, etc.

Founded in 2000, CEC Capital (formerly known as China eCapital Corporation) is a leading investment bank in China with a core focus on the TMT, consumer and healthcare sectors. Headquartered in Beijing with offices in Shanghai, Los Angeles and San Francisco, CEC Capital provides M&A, capital raising, and asset management services to clients both in and outside of China.