New Frontier Health Valuation, Funding & Investors

New Frontier Health is valued at $1.9B as of March 2025.

Last New Frontier Health valuation

$1.9B

Secondary · Mar 2025

Key investors in New Frontier Health

  • Warburg Pincus

New Frontier Health Overview

About New Frontier Health

New Frontier Health is an operator of private hospitals and clinics delivering premium medical services in China. Shanghai-headquartered, it manages facilities in Beijing and Guangzhou specializing in cardiology, oncology, orthopedics, and maternity care with international-standard equipment. The network integrates telemedicine and executive health checkups for expatriates and high-net-worth individuals.


Founded

1981

HQ

Hong KongHong Kong

Website

nfh.com.cn

Status

Privately held

Customer focus

B2C

Revenue model

Services

Valuation

$1.9B (Mar 2025)

New Frontier Health Valuation

New Frontier Health is currently valued at $1.9B, based on its secondary sale in March 2025. Read the announcement ↗

The $124M round was led by Warburg Pincus.

New Frontier Health valuation by funding round

New Frontier Health valuation by funding round
DateStageValuation
Mar 2025Secondary$1.9B

New Frontier Health Funding History

New Frontier Health has 1 recorded secondary share sale and no primary funding rounds.

New Frontier Health funding rounds

New Frontier Health funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2025SecondaryWarburg Pincus (lead)$124M$1.9BWarburg Pincus acquired a 6.6% stake in New Frontier Health from Fosun Pharmaceutical for $124.08 million in March 2025. This transaction represented a follow-on investment by Warburg Pincus, which was already an investor in the company. New Frontier Health operates a network of healthcare facilities in China under the United Family Healthcare brand, including 11 hospitals and 24 clinics. The company was previously taken private in January 2022 through a consortium acquisition led by Fosun Pharmaceutical, Goldman Sachs Asset Management, Vivo Capital, and Warburg Pincus at a valuation of $4.78 billion. The company's business encompasses comprehensive hospitals, rehabilitation healthcare, home healthcare, insurance services, medical technology, and medical real estate, serving both institutional and individual healthcare needs across China. The transaction allowed Fosun Pharma to exit its position and concentrate resources on its core pharmaceutical operations.

Who has invested in New Frontier Health?

1 investor has backed New Frontier Health across its funding rounds, including Warburg Pincus.

Lead investors include Warburg Pincus.


New Frontier Health Investors

Investors in New Frontier Health by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Investments by New Frontier Health

New Frontier Health has invested in 1 company to date.

Latest investment by New Frontier Health was on November 29th 2021. New Frontier Health invested in Abogen Biosciences in their $300M Series C round.


Latest Investments by New Frontier Health

Abogen Biosciences
Description
Abogen Biosciences is a Vancouver-based biotechnology firm developing nucleic acid therapeutics targeting cancer and infectious diseases. Its pipeline includes RNA and DNA-based candidates in preclinical stages for oncology and antivirals. Founded in 2015, the company collaborates with academic institutions in British Columbia on gene silencing technologies.
HQ CountryChina
HQ City
Suzhou
Deal Date29 Nov 2021
RoundSeries C
Raised$300M
InvestorsMirae Asset; SoftBank Group; DNE Capital Management; Fortune Ocean Growth Fund; Innolink Fund; Jinyi Capital; Keyuan Industry Fund; 5Y Capital; Linden Asset; Chimera Investment; IMO Ventures
Valuationundisclosed
EV/Revenue
EV/EBITDA

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New Frontier Health Competitors

New Frontier Health competitors include listed companies like Huaxia Eye Hospital Group, Fakeeh Care Group, Draegerwerk and Astrana Health, and private ones like Fosun Health and Shulan Health.

Public and private companies comparable to New Frontier Health
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Huaxia Eye Hospital GroupChinaChinaPublicly listed$622M$143M$1.9B2.2x
Fakeeh Care GroupSaudi ArabiaSaudi ArabiaPublicly listed$824M$131M$1.9B2.5x
DraegerwerkGermanyGermanyPublicly listed$3.9B$436M$1.8B0.5x
Astrana HealthUnited StatesUnited StatesPublicly listed$3.2B$123M$1.8B0.6x
Fosun HealthChinaShanghaiPrivate$913M-$1.5B1.6x
Shulan HealthChinaHangzhouPrivate--$1.2B-

New Frontier Health Public Comps

New Frontier Health is still privately-owned, but its public comps include Huaxia Eye Hospital Group, Fakeeh Care Group, Draegerwerk, Astrana Health, Dallah Healthcare, AMN Healthcare Services, Dr Agarwals, Ardent Health, Burjeel Holdings and Aevis Victoria.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Huaxia Eye Hospital Group$622M$143M2.4x2.2x10.3x10.1x
Fakeeh Care Group$824M$131M2.7x2.5x16.8x15.8x
Draegerwerk$3.9B$436M0.5x0.5x4.6x4.6x
Astrana Health$3.2B$123M0.7x0.6x17.5x8.3x
Dallah Healthcare$1.1B$246M2.9x2.7x12.8x12.4x
AMN Healthcare Services$2.7B$101M0.8x0.7x22.1x7.2x
Dr Agarwals$219M$64M8.2x7.2x28.2x27.0x
Ardent Health$6.3B$497M0.6x0.6x7.3x7.2x

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Common questions about New Frontier Health

When was New Frontier Health founded?New Frontier Health was founded in 1981.
Where is New Frontier Health headquartered?New Frontier Health is headquartered in Hong Kong, Hong Kong.
Is New Frontier Health publicly listed?No, New Frontier Health is a private, VC-backed company.
What is New Frontier Health's valuation?New Frontier Health was last valued at $1.9B in its secondary sale in March 2025.
Who are New Frontier Health's investors?New Frontier Health's investors include Warburg Pincus.
Which companies are comparable to New Frontier Health?Companies comparable to New Frontier Health include Huaxia Eye Hospital Group, Fakeeh Care Group, Draegerwerk, Astrana Health, Fosun Health and Shulan Health.
How many companies has New Frontier Health invested in?New Frontier Health has invested in 1 company, including Abogen Biosciences.
What was New Frontier Health's last investment?In November 2021, New Frontier Health invested in Abogen Biosciences' $300M Series C alongside Mirae Asset, SoftBank Group, DNE Capital Management and 8 other investors.

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