Ping An Healthcare Management Valuation, Funding & Investors

Ping An Healthcare Management is valued at $8.8B as of February 2018.

Last Ping An Healthcare Management valuation

$8.8B

Series A · Feb 2018

Last Ping An Healthcare Management funding round

$1.1B

Series A · Feb 2018

Cumulative funding Ping An Healthcare Management raised

$1.1B

across 1 funding round

Key investors in Ping An Healthcare Management

Ping An Healthcare Management Overview

About Ping An Healthcare Management

Shanghai-headquartered Ping An Healthcare Management Co., Ltd. is a specialist health insurance provider under Ping An Insurance Group of China. Established on June 13, 2005, following approval from the China Insurance Regulatory Commission, the company holds RMB 625 million in registered capital. It delivers health insurance, accidental injury coverage, government-mandated health policies, consultation services, and health reinsurance through a global medical cooperation network. Customers access 24-hour bilingual English and Chinese call centers alongside emergency assistance in key international regions. An advanced information management system supports these operations worldwide. In August 2010, Ping An Healthcare Management formed a joint venture with Discovery Holdings, South Africa's largest health insurer, designating Discovery as a strategic investor in Ping An Group.


Founded

2005

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Product sales

Valuation

$8.8B (Feb 2018)

Ping An Healthcare Management Valuation

Ping An Healthcare Management is currently valued at $8.8B, based on its Series A in February 2018.

The $1.1B round was led by SBI Holdings and SoftBank Group, with participation from IDG Capital and Hermitage Equity Partners.

Ping An Healthcare Management valuation by funding round

Ping An Healthcare Management valuation by funding round
DateStageValuation
Feb 2018Series A$8.8B

Ping An Healthcare Management Funding History

Ping An Healthcare Management has raised a total of $1.1B across 1 funding round.

Ping An Healthcare Management funding rounds

Ping An Healthcare Management funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Feb 2018Series ASBI Holdings (lead); SoftBank Group (lead); IDG Capital; Hermitage Equity Partners$1.1B$8.8BPing An Healthcare Management, a medical data collection and analysis subsidiary of Ping An Insurance, raised almost $1 billion in funding co-led by SoftBank Vision Fund ($400M) and SBI Holdings ($450M). The deal valued the company at $8.8 billion post-money, ahead of a planned Hong Kong IPO. Investors included Hermitage Equity Partners and IDG Capital alongside the leads. The platform supports public medical insurance services and hospitals in managing social health insurance, drug distribution, and medical treatment. It aimed to connect 5,000 hospitals across 220 cities by end-2018. This investment followed SoftBank's prior commitments to related Ping An units like Good Doctor and Finance One Account. No specific revenue, ARR, or EBITDA metrics for Ping An Healthcare Management were reported near the March 2018 round date; later references note parent-level operating profit growth but not attributable directly.

Who has invested in Ping An Healthcare Management?

4 investors have backed Ping An Healthcare Management across its funding rounds, including IDG Capital, SoftBank Group, SBI Holdings and Hermitage Equity Partners.

Lead investors include SBI Holdings and SoftBank Group.


Ping An Healthcare Management Investors

Investors in Ping An Healthcare Management by funding rounds participated
InvestorHQRoundsRoleFirst check
SoftBank GroupJapanTokyo1LeadFeb 2018
IDG CapitalChinaBeijing1ParticipantFeb 2018

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Ping An Healthcare Management Competitors

Ping An Healthcare Management competitors include listed companies like Jackson Financial, Primerica, Medibank and DB Insurance, and private ones like WeDoctor and Devoted Health.

Public and private companies comparable to Ping An Healthcare Management
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Jackson FinancialUnited StatesUnited StatesPublicly listed$6.5B($14M)$8.8B12.7x
PrimericaUnited StatesUnited StatesPublicly listed$3.3B$1B$8.9B3.0x
MedibankAustraliaAustraliaPublicly listed$6.5B$644M$9B1.3x
DB InsuranceSouth KoreaSouth KoreaPublicly listed$14B$2.3B$8.5B10.7x
WeDoctorChinaHangzhouPrivate$139M-$7B50.4x
Devoted HealthUnited StatesBoston, MAPrivate$3.3B-$13B4.0x

Ping An Healthcare Management Public Comps

Ping An Healthcare Management is still privately-owned, but its public comps include Jackson Financial, Primerica, Medibank, DB Insurance, Kinsale Cap Group, China Taiping Insurance, OUTsurance Group, Lincoln National, Hiscox and The Hanover Insurance Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Jackson Financial$6.5B($14M)14.9x12.7x(6922.6x)-
Primerica$3.3B$1B3.2x3.0x10.3x-
Medibank$6.5B$644M1.4x1.3x13.7x15.1x
DB Insurance$14B$2.3B0.7x10.7x4.1x-
Kinsale Cap Group$1.9B$651M4.4x5.0x12.6x12.4x
China Taiping Insurance$23B$5B1.4x2.2x6.6x-
OUTsurance Group$2.6B$557M3.1x3.4x14.6x17.7x
Lincoln National$18B$1.7B1.2x1.2x13.2x10.0x

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Common questions about Ping An Healthcare Management

When was Ping An Healthcare Management founded?Ping An Healthcare Management was founded in 2005.
Where is Ping An Healthcare Management headquartered?Ping An Healthcare Management is headquartered in Shanghai, China.
Is Ping An Healthcare Management publicly listed?No, Ping An Healthcare Management is a private, VC-backed company.
What is Ping An Healthcare Management's valuation?Ping An Healthcare Management was last valued at $8.8B in its Series A in February 2018.
How much funding has Ping An Healthcare Management raised?Ping An Healthcare Management has raised $1.1B across 1 funding round.
What was Ping An Healthcare Management's last funding round?Ping An Healthcare Management's last funding round was a $1.1B Series A in February 2018, led by SBI Holdings and SoftBank Group.
Who are Ping An Healthcare Management's investors?Ping An Healthcare Management's investors include SoftBank Group, IDG Capital, SBI Holdings and Hermitage Equity Partners.
Which companies are comparable to Ping An Healthcare Management?Companies comparable to Ping An Healthcare Management include Jackson Financial, Primerica, Medibank, DB Insurance, WeDoctor and Devoted Health.

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