Aihu Health Completes ￥10M Series B Financing

According to 36Kr.com, Shanghai Aihui Health Technology Co., Ltd. ("Aihui Health"), a platform providing services of medical information, entertainment and consumption beside hospital beds, announced that it had recently completed the Series B financing of tens of millions, invested by Conch Venture. Proceeds of this round will be used for the development and construction of smart wards and medical services over the Internet.

At the beginning of its establishment, Aihui Health was positioned as a comprehensive platform integrating information, entertainment and consumption used in the scene of hospital beds. After the strategic investment of Conch Venture, Ahui Health has rapidly expanded its business to online medical treatment and mobile physical examination. With the upgrading and transformation, the company now has four major businesses, including smart wards, Internet service at the hospital bedside, online medical treatment, and out-of-hospital health management.

So far, in terms of the smart ward business, Aihui Health has served about 120 third-class hospitals in 36 cities in 14 provinces, with over 50,000 beds. It is expected to cover more than 180 third-class hospitals in 50 cities by the end of 2020, with over 70,000 beds, and accomplished the construction and operation of 150 smart wards.

Zhang Pengxiang, the general manager of Conch Venture, said that after its strategic investment in Aihui Health, the two companies will establish in-depth cooperation in the mobile physical examination and online medical treatment. Relying on the medical and health industry resources of Conch Venture, Aihui Health is building two hospitals with online services. In the future, Ahui Health will provide more medical and health management services for a large number of seed users who have been served by its smart ward and bedside medical services.

Founded in 2015, Conch Venture is an investment firm in Wuhu, Anhui, focusing on the investment in the medical industry.