China's Meiwei Dental raises $150m

Founded in 2016, Meiwei Dental claims to be China’s first dental support organization (DSO) platform. DSOs are independent business support centers that contract with dental practices. They provide business management and support to dental practices, including non-clinical operations.

Meiwei has nearly 200 dental clinics on its platform. The company provides strategic investment, medical technology improvement, brand management, and digital transformation services, as well as help clinics achieve rapid, personalized development. It claims that its operating cash flow and profit of the past two years have been positive.

The service entails a membership model, whereby client dentists become managers of Meiwei, according to a statement. In some cases, the heads of key clinics in Meiwei’s core cities become partners of the company.

Digitalization is a core development strategy and leverages a cloud-based intelligent management platform that improves outpatient standard operating procedure and customer relationship management. There is also includes an intelligent appointment system and service for formulating full-mouth diagnoses and treatment plans while tracking long-term oral health.

Other operators in this space include Arrail Group, a leading Chinese dental chain that has raised about $400 million in private funding since 2010 and filed for a Hong Kong IPO. As of May, Arrail operated 107 hospitals and clinics providing mid- to high-end dental care services in 15 predominantly tier-one and tier-two cities across China, with 856 dentists.

Earlier this month, Linkedcare, which supplies software-as-a-service to more than 30,000 dental and medical aesthetic clinics in China, raised a $70 million Series D.

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• Topics
• Greater China
• Healthcare
• Technology
• Early-stage
• China
• digitalization