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- Amcare Women's and Children's Hospital
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.
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
Warburg Pincus
China Everbright
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
Website
Status
Acquired
Customer focus
B2C
Revenue model
Services
Valuation
$1.5B (acquired Aug 2022)
Sectors
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 5 Aug 2022 | Strategic 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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2013 | Undisclosed stage | Warburg Pincus (lead); China Everbright | $100M | Beijing-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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAmcare 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.9B | ($369M) | $1.5B | 0.2x | ||
| Publicly listed | $6.3B | $497M | $1.5B | 0.5x | ||
| Private | $913M | - | $1.5B | 1.6x | ||
| Publicly listed | $875M | $288M | $1.5B | 2.0x | ||
| Publicly listed | $724M | $161M | $1.5B | 2.1x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.9B | ($369M) | 0.2x | 0.2x | (3.6x) | (57.2x) | |||
| $6.3B | $497M | 0.5x | 0.5x | 6.9x | 6.7x | |||
| $875M | $288M | 2.0x | 2.0x | 6.0x | 6.4x | |||
| $724M | $161M | 2.1x | 2.1x | 9.6x | 8.3x | |||
| $1.5B | $101M | 1.2x | 1.3x | 17.9x | 15.2x | |||
| $427M | $124M | 3.7x | 3.5x | 12.7x | 12.7x | |||
| $948M | $61M | 2.0x | 1.7x | 31.6x | 21.5x | |||
| $6.2B | $720M | 0.9x | - | 8.0x | - | |||
This data is available for Pro users. Sign up to see all Amcare Women's and Children's Hospital competitors and their valuation data. Start Free Trial | ||||||||
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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