CBI member DLA Piper announced that it had advised Ping An Good Doctor, a healthcare and medical mobile app launched by Ping An Insurance, on its US$500 million Series A financing.
Ping An Good Doctor app was launched in April 2015. It provides online consultation services, patient management, pharmaceutical online-to-offline services, digital health profiles, among others.
As of April 2016, it had 77 million registered users and had partnered with over 50,000 doctors from public and private hospitals across the country.
According to Chinese media, this is the single largest investment in China’s online medical service platforms.
The DLA Piper team advised Ping An Good Doctor on the onshore and offshore financing structure, negotiations with the lead investor and other investors, and transaction process management as well as other complex legal issues related to the financing.
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