- Companies
- Bang Er Orthopedic
Bang Er Orthopedic Valuation, Funding & Investors
Bang Er Orthopedic is valued at $700M as of November 2023.
Last Bang Er Orthopedic valuation
$700M
Series E · Nov 2023
Last Bang Er Orthopedic funding round
$111M
Series E · Nov 2023
Cumulative funding Bang Er Orthopedic raised
$236M
across 5 funding rounds
Key investors in Bang Er Orthopedic
Qiming Venture Partners
Fortune Venture Capital
Cenova
Fidelity International
October Capital
Lake Bleu Capital
About Bang Er Orthopedic
Bang Er Orthopedic is a specialized hospital operator in China's Yangtze River Delta region. Zhejiang Boner Medical Investment Management Co., Ltd. oversees its network of facilities focused on orthopedics and rehabilitation services. The chain provides advanced treatments for bone injuries, joint disorders, and post-surgical recovery, serving patients in Shanghai, Hangzhou, and surrounding areas.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Valuation
$700M (Nov 2023)
Sectors
Bang Er Orthopedic Valuation
Bang Er Orthopedic is currently valued at $700M, based on its Series E in November 2023.
The $111M round was led by C&D Emerging Investment, with participation from Lake Bleu Capital, Sunshine Insurance Group, October Capital, China Pacific Insurance and Gaoyuan Capital.
Bang Er Orthopedic valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2023 | Series E | $700M |
Bang Er Orthopedic Funding History
Bang Er Orthopedic has raised a total of $236M across 5 funding rounds.
Bang Er Orthopedic's first fundraising round was a $29M Series B in January 2017. The most recent completed round was a $111M Series E in November 2023.
Bang Er Orthopedic funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series E | C&D Emerging Investment (lead); Lake Bleu Capital; Sunshine Insurance Group; October Capital; China Pacific Insurance; Gaoyuan Capital | $111M | $700M | Bang Er Orthopedic Hospital is one of the largest orthopedics hospital chains in China, recognized as a leader in the orthopedics space for its market-leading position and strong growth profile. The company invests in and operates professional orthopedic hospital chains, with 14 hospitals and 4 outpatient clinics under its control as of 2019, offering around 4,000 beds and performing nearly 20,000 surgeries annually, over 50% of which are level 3 and 4 procedures, having treated nearly 1 million patients to date. In November 2023, it secured approximately US$110 million in a pre-IPO funding round led by C&D Emerging Investment, with participation from investors including China Pacific Insurance, Gaoyuan Capital, Lake Bleu Capital, October Capital, and Sunshine Insurance Group. Proceeds from the financing are designated for accelerating the digital transformation of orthopedic surgeries, expanding national market presence, and recruiting new talents. The round valued the company at a post-money valuation exceeding US$700 million. This transaction underscores investor recognition of businesses benefiting from China's ageing population and rising demand for orthopedic services. Bang Er Orthopedic, also referred to as Bang Er Medical or Banger Osteology Clinic Group, is based in Zhejiang, China. The funding aligns with broader trends in healthcare investments, particularly in specialty hospitals addressing demographic shifts. |
| Jan 2021 | Series D | Cenova; Fortune Venture Capital | $46M | - | - |
| May 2018 | Series C | Qiming Venture Partners (lead) | $16M | - | Bang Er Orthopedic is a Hangzhou-based orthopedic hospital chain operator founded in 1989, specializing in healthcare services with a focus on orthopedics. By 2019, it controlled 14 hospitals and 4 clinics, offering around 4000 beds and performing nearly 20,000 surgeries annually, over 50% of which were level III and IV procedures, serving nearly 1 million patients to date. |
| Oct 2017 | Series C | Qiming Venture Partners (lead) | $34M | - | - |
| Jan 2017 | Series B | Fidelity International; Jinpu Investment | $29M | - | - |
Who has invested in Bang Er Orthopedic?
11 investors have backed Bang Er Orthopedic across its funding rounds, including Qiming Venture Partners, Fortune Venture Capital, Cenova, Fidelity International, October Capital and Lake Bleu Capital.
Lead investors include C&D Emerging Investment and Qiming Venture Partners.
Bang Er Orthopedic Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Oct 2017 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Jan 2021 | ||
| 1 | Lead | Nov 2023 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2017 | ||
| 1 | Participant | Jan 2021 | ||
This data is available for Pro users. Sign up to see all 11 Bang Er Orthopedic investors. Start Free Trial | ||||
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 TrialBang Er Orthopedic Competitors
Bang Er Orthopedic competitors include listed companies like Diagnósticos da América, Global Medical Response, Gushengtang Holdings and Saudi German Health, and private ones like Harbor Health and Omni.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.2B | $346M | $688M | 1.0x | ||
| Publicly listed | $5.7B | $1.1B | $684M | 0.9x | ||
| Publicly listed | $484M | $93M | $730M | - | ||
| Publicly listed | $827M | $204M | $732M | 1.6x | ||
| Private | - | - | $650M | - | ||
| Private | $10M | - | $650M | 65.0x |
Bang Er Orthopedic Public Comps
Bang Er Orthopedic is still privately-owned, but its public comps include Diagnósticos da América, Global Medical Response, Gushengtang Holdings, Saudi German Health, Al-Maidan Dental Clinic, WELL Health, Integral Diagnostics, Hermina Hospitals, Garofalo Health Care and Chularat Hospital.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.2B | $346M | 0.9x | 1.0x | 5.6x | 4.9x | |||
| $5.7B | $1.1B | 0.9x | 0.9x | 4.7x | - | |||
| $484M | $93M | 1.6x | - | 8.3x | - | |||
| $827M | $204M | 1.7x | 1.6x | 6.8x | 8.3x | |||
| $205M | $37M | 2.4x | - | 13.0x | - | |||
| $1B | $110M | 1.4x | 1.3x | 12.7x | 10.1x | |||
| $561M | $99M | 1.8x | 1.8x | 10.2x | 8.4x | |||
| $402M | $104M | 2.1x | 1.9x | 8.1x | 7.5x | |||
This data is available for Pro users. Sign up to see all Bang Er Orthopedic competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Bang Er Orthopedic
| When was Bang Er Orthopedic founded? | Bang Er Orthopedic was founded in 2012. |
| Where is Bang Er Orthopedic headquartered? | Bang Er Orthopedic is headquartered in Hangzhou, China. |
| Is Bang Er Orthopedic publicly listed? | No, Bang Er Orthopedic is a private, VC-backed company. |
| What is Bang Er Orthopedic's valuation? | Bang Er Orthopedic was last valued at $700M in its Series E in November 2023. |
| How much funding has Bang Er Orthopedic raised? | Bang Er Orthopedic has raised $236M across 5 funding rounds. |
| What was Bang Er Orthopedic's last funding round? | Bang Er Orthopedic's last funding round was a $111M Series E in November 2023, led by C&D Emerging Investment. |
| Who are Bang Er Orthopedic's investors? | Bang Er Orthopedic's investors include Qiming Venture Partners, Lake Bleu Capital, Sunshine Insurance Group, October Capital, Cenova, C&D Emerging Investment, Fidelity International, Jinpu Investment, Fortune Venture Capital, China Pacific Insurance and 1 other. |
| Which companies are comparable to Bang Er Orthopedic? | Companies comparable to Bang Er Orthopedic include Diagnósticos da América, Global Medical Response, Gushengtang Holdings, Saudi German Health, Harbor Health and Omni. |
See companies similar to Bang Er Orthopedic
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