Amcare Women's and Children's Hospital Acquisition, Valuation, Funding & Investors

Amcare Women's and Children's Hospital was acquired by ByteDance for $1.5B in August 2022.

Amcare Women's and Children's Hospital acquisition price

$1.5B

Acquired by ByteDance · Aug 2022

Cumulative funding Amcare Women's and Children's Hospital raised

$100M

across 1 funding round

Key investors in Amcare Women's and Children's Hospital

Amcare Women's and Children's Hospital Overview

About Amcare Women's and Children's Hospital

Amcare Women's and Children's Hospital is a Beijing-based facility established in 2004, delivering gynecology, obstetrics, and pediatrics services to high-end Chinese families. Located in Chaoyang District, it features 300 beds, NICU units, and IVF centers equipped with imported Siemens and GE imaging systems. Amcare employs over 200 international-trained physicians providing prenatal diagnostics, minimally invasive surgeries, and child vaccinations. The hospital maintains JCI accreditation and expands with branches in Shanghai and Guangzhou.


Founded

2004

HQ

ChinaBeijing

Status

Acquired

Customer focus

B2C

Revenue model

Services

Valuation

$1.5B (acquired Aug 2022)

Amcare Women's and Children's Hospital Acquisition

Amcare Women's and Children's Hospital was acquired by ByteDance for $1.5B on 5 August 2022.

Before the acquisition Amcare Women's and Children's Hospital had raised $100M across 1 funding round.

Amcare Healthcare is one of China's largest private hospital chains, operating seven women's and children's hospitals, two integrated outpatient centers, and five postpartum confinement centers across major metropolitan regions including Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Pearl River Delta. ByteDance, through its healthcare subsidiary Xiaohe Health, took 100% control of Amcare for approximately $1.5 billion USD (10 billion yuan), following an initial 17.5% investment in September 2021. The two ByteDance subsidiaries—Xiaohe Health (Hong Kong) Ltd and Xiaohe Health Technology (Beijing) Co.—now hold 100% ownership through their combined stakes. This acquisition represents ByteDance's major entry into brick-and-mortar healthcare delivery and marks one of China's largest tech company deals since the government's 2020 anti-monopoly crackdown on tech giants. The deal reflects a broader pattern of technology companies expanding into healthcare, similar to Amazon's concurrent acquisition of US-based One Medical for $3.9 billion. Xiaohe Health had previously established its healthcare presence through the 2020 acquisition of Baikemy.com and the launch of its Xiaohe mobile app, which provides online consultations, medical information, and specialist appointments, positioning the company to compete with rivals like Alibaba Health and Ping An Healthcare.

Amcare Women's and Children's Hospital acquisition details
AcquirerDateTypePrice
5 Aug 2022Strategic M&A$1.5B

Amcare Women's and Children's Hospital Funding History

Amcare Women's and Children's Hospital has raised a total of $100M across 1 funding round.

Amcare Women's and Children's Hospital funding rounds

Amcare Women's and Children's Hospital funding rounds
DateStageInvestorsRaisedDeal Summary
Nov 2013Undisclosed stageWarburg Pincus (lead); China Everbright$100MBeijing-based Amcare Women's & Children's Hospital is a premium provider of obstetrics, gynecology, and pediatrics services in China, founded in 2006, operating a network of hospitals and postpartum care centers focused on high-quality care for mothers and children using advanced medical technologies and international management systems. The company previously received RMB250 million (about $40 million) from China International Capital Corp. in 2011 and, as of 2013, ran three hospitals and one postpartum care center. In November 2013, Warburg Pincus led a $100 million investment in Amcare, with participation from other investors including Everbright, to fund construction of additional facilities and expansion of its domestic network. Financial details such as valuation were not disclosed in announcements. The investment was part of Warburg Pincus's broader Asia portfolio through its $11.2 billion Fund XI started in 2012, which included significant exposure to Chinese companies like Amcare. Post-investment, Amcare partnered with Mayo Clinic in 2015 to establish a general hospital in Beijing targeting the middle class, marking it as the first foreign-invested medical services institution in China to do so. Warburg Pincus later included Amcare in a $1.2 billion secondary sale of Asian assets. Amcare continued supporting public health initiatives, such as the 'First 1,000 Days' program for infant nutrition in 2019.

Who has invested in Amcare Women's and Children's Hospital?

2 investors have backed Amcare Women's and Children's Hospital across its funding rounds, including Warburg Pincus and China Everbright.

Lead investors include Warburg Pincus.


Amcare Women's and Children's Hospital Investors

Investors in Amcare Women's and Children's Hospital by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Amcare Women's and Children's Hospital Competitors

Amcare Women's and Children's Hospital competitors include listed companies like Agilon Health, Ardent Health, Nutex Health and Siloam Hospitals, and private ones like Fosun Health and Metro Pacific Hospital Holdings.

Public and private companies comparable to Amcare Women's and Children's Hospital
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Agilon HealthUnited StatesUnited StatesPublicly listed$5.9B($369M)$1.5B0.2x
Ardent HealthUnited StatesUnited StatesPublicly listed$6.3B$497M$1.5B0.5x
Fosun HealthChinaShanghaiPrivate$913M-$1.5B1.6x
Nutex HealthUnited StatesUnited StatesPublicly listed$875M$288M$1.5B2.0x
Siloam HospitalsIndonesiaIndonesiaPublicly listed$724M$161M$1.5B2.1x
Metro Pacific Hospital HoldingsPhilippinesManilaPrivate--$1.6B-

Amcare Women's and Children's Hospital Public Comps

Amcare Women's and Children's Hospital is no longer listed, but its public comps include Agilon Health, Ardent Health, Nutex Health, Siloam Hospitals, Aevis Victoria, National Medical Care, Pennant Group, Ramsay Santé, Almoosa Health and Mitra Keluarga.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Agilon Health$5.9B($369M)0.2x0.2x(3.6x)(57.2x)
Ardent Health$6.3B$497M0.5x0.5x6.9x6.7x
Nutex Health$875M$288M2.0x2.0x6.0x6.4x
Siloam Hospitals$724M$161M2.1x2.1x9.6x8.3x
Aevis Victoria$1.5B$101M1.2x1.3x17.9x15.2x
National Medical Care$427M$124M3.7x3.5x12.7x12.7x
Pennant Group$948M$61M2.0x1.7x31.6x21.5x
Ramsay Santé$6.2B$720M0.9x-8.0x-

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Common questions about Amcare Women's and Children's Hospital

When was Amcare Women's and Children's Hospital founded?Amcare Women's and Children's Hospital was founded in 2004.
Where is Amcare Women's and Children's Hospital headquartered?Amcare Women's and Children's Hospital is headquartered in Beijing, China.
Is Amcare Women's and Children's Hospital publicly listed?No, Amcare Women's and Children's Hospital was acquired by ByteDance in August 2022.
Who acquired Amcare Women's and Children's Hospital?Amcare Women's and Children's Hospital was acquired by ByteDance in August 2022.
How much was Amcare Women's and Children's Hospital acquired for?Amcare Women's and Children's Hospital was acquired for $1.5B in August 2022.
How much funding has Amcare Women's and Children's Hospital raised?Amcare Women's and Children's Hospital has raised $100M across 1 funding round.
What was Amcare Women's and Children's Hospital's last funding round?Amcare Women's and Children's Hospital's last funding round was a $100M undisclosed-stage round in November 2013, led by Warburg Pincus.
Who are Amcare Women's and Children's Hospital's investors?Amcare Women's and Children's Hospital's investors include Warburg Pincus and China Everbright.
Which companies are comparable to Amcare Women's and Children's Hospital?Companies comparable to Amcare Women's and Children's Hospital include Agilon Health, Ardent Health, Fosun Health, Nutex Health, Siloam Hospitals and Metro Pacific Hospital Holdings.

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