May 2026
đź“Ł VC round data is live. Check it out!
Largest Healthcare Software Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
United Imaging, Qingdao Baheal Medical, iFLYHealth, Hangzhou Pinming Software and B-Soft Co..
 | Shanghai United Imaging Healthcare Co Ltd provides customers with high-performance medical imaging equipment, radiotherapy products, life science instruments, and medical digitalization and intelligent solutions. The company’s products include MRI systems, CT scanners, X-ray imaging equipment, molecular imaging systems, radiotherapy linear accelerators, and life science instruments. | $17 | -14% | $14B | $13B | 6.5x | 35.0x | ||
| Qingdao Baheal Medical Inc is engaged in providing comprehensive marketing services for pharmaceutical product manufacturers. | $3 | +30% | $2B | $2B | 1.7x | 13.9x | ||
| Xunfei Healthcare Technology Co Ltd is an AI-empowered healthcare solution provider, offering products and solutions that support a range of healthcare services, ranging from health risk warnings, early screening, auxiliary diagnosis and treatment, as well as treatment effect evaluation, to post-discharge management and chronic disease management. It has independently developed AI technologies that underpin its products and solutions. Smart Healthcare, Smart Hospital, Intelligent Hardware, Smart Medical Insurance, and Smart Imaging Union. The Company’s revenue was mainly derived from PHC services and patient services. | $10 | -32% | $1B | $1B | 9.3x | (239.9x) | ||
| Hangzhou Pinming Software Co Ltd is a provider of applied technology and products of digital construction in the construction phase. It focuses on the field of engineering construction information technology. Its business covers engineering cost, construction software, BIM software, smart construction sites, and universities. , Industry supervision, infrastructure and others. | $13 | +222% | $997M | $966M | 15.0x | 117.6x | ||
| B-Soft Co Ltd is engaged in providing software and information technology services for the healthcare industry. | $1 | -24% | $926M | $896M | 5.8x | (25.6x) | ||
| Suzhou MedicalSystem Technology Co Ltd develops medical engineering technology and promotes clinical system for operation theatre and intensive care units. | $3 | +26% | $837M | $796M | 17.9x | 60.8x | ||
| Yidu Tech Inc offers healthcare solutions built on big data and artificial intelligence (AI) technologies. The company serves various healthcare industry participants, including hospitals, pharmaceutical, biotech, research institutions, insurance companies, etc. Its operating segments are: Big data platform and solutions, Life sciences solutions, and Health management platform and solutions. The majority of the company's revenue is generated from its Big data platform and solutions segment, which provides data intelligence platforms and data analytics-driven solutions (such as Eywa 5.0, Lingxi Intelligent Management, AI Middleware, etc.) for hospitals, healthcare institutions, regulators, and policymakers. Geographically, the company generates maximum revenue from Mainland China. | $1 | -3% | $725M | $421M | 4.0x | (31.9x) | ||
| Shang Gong Group Co Ltd is engaged in research & development, production, sale, and maintenance of sewing machines and spare parts in China. It is also engaged in the production of auto parts, office equipment, and related trading businesses. The company provides high-end sewing products for automakers like Mercedes-Benz, BMW, Audi, and General Motors; in aerospace and new material fields also have large customers including Boeing, Airbus, and COMAC. It owns manufacturing enterprises in China, Germany, the Czech Republic, and Romania, and its sales network has spread across the world. Its household sewing machine brands - Butterfly, Flyman, and Bee are widely known in China and sold to overseas markets. | $1 | -- | $656M | $686M | 1.1x | 24.5x | ||
| Heren Health Co Ltd is an overall solution service provider focusing on research and development, sales, implementation integration and service support of medical information systems and digital scenario application systems. Its products includes electronic medical records, medical information integration platform, clinical data centers, clinical pathway system, integrated health care workstations and operation control system of medical institutions. | $2 | +23% | $584M | $514M | 8.0x | 43.0x | ||
| Guiyang Longmaster Information & Technology Co Ltd is an internet service company in the field of medical health. The company's health network operates a medical health vertical portal website, providing medical information and online consultation services. In addition, the company operates a telephone voice community telephone with internet thinking. | $2 | -22% | $543M | $507M | 11.6x | 91.8x | ||
| Beijing Sunwayworld Science & Technology Co Ltd is a software development service provider focusing on inspection and testing informatization and data asset management, and is committed to providing customers with overall informatization solutions and related software products and services. | $6 | +24% | $431M | $396M | 7.0x | 121.2x | ||
| Beijing Airdoc Technology Co Ltd provides AI-empowered retina-based early detection, diagnosis, and health risk assessment solutions in China. Leveraging retinal imaging, multimodal data analyses, and AI deep learning algorithms, the company's solution differs from traditional chronic disease early detection and diagnosis, enabling non-invasive, accurate, fast, effective, and scalable detection and diagnosis of chronic diseases in both medical institutions and consumer healthcare providers. The Company derives revenue principally from the provision of AI-based software solutions, sales of hardware devices, and other services. Geographically, the company generates the majority of its revenue from Mainland China. | $1 | +75% | $140M | $48M | 1.9x | (49.8x) | ||
| 111 Inc operates an integrated online and offline platform in the healthcare ecosystem in China, whereby the Group is engaged in the sales of medical and wellness products through online retail and wholesale pharmacies and offline retail pharmacies, as well as the provision of certain value-added services, such as online consultation services and e-prescription services to consumers in the People’s Republic of China. The company has two operating segments: the B2C segment and B2B segment whereby the B2C business represents revenue generated from individual consumers while the B2B business represents revenue generated from corporate customers. It derives a majority of its revenue from the B2B segment. | $6 | -- | $50M | $2M | 0.0x | 0.7x | ||
| Vanfund Urban Investment and Development Co Ltd is engaged in medical information software development and sales business. The company provides health information solutions to improve people's medical experience and health. | $0 | -81% | $41M | $46M | 1.3x | (6.0x) | ||
| Pheton Holdings Ltd is a healthcare solutions provider dedicated to developing and commercializing treatment software and devices used for brachytherapy. Its proprietary treatment planning system is a type of radiation therapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. Its proprietary treatment planning system, FTTPS, is designed to promote the efficiency, accuracy, and safety of brachytherapy. FTTPS is a user-oriented treatment planning system, or TPS, for treating a wide variety of malignant tumors, which can determine the target volume, prescription dose, and dose limitation to protect OARs and produce a safe, effective, and accurate dose distribution plan for brachytherapy for cancer patients. | -- | -- | $7M | $4M | — | — | ||
| Median | $2 | +10% | $656M | $514M | 6.1x | 19.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.