Investcorp backs China medical supply chain firm

Bahrain-based Investcorp has further increased its holdings in the health tech sector following an investment in Linkedcare, a China-based medical supply chain management firm.

The series D funding also involved a number of Chinese investors including Matrix Partners China, Lightspeed China Partners, So-Young International, Jinding Capital and Sheng Ye Capital.

In September, Investcorp launched an investment platform to manage its holdings in Chinese healthcare providers.

According to Hazem Ben-Garcem, co-chief executive of Investcorp, the investment is linked to the firm’s strategy of increasing its presence in Asia.

“China is experiencing strong demand in the dental, beauty and other consumer medical areas underpinned by secular growth in its economy and demographics and we look forward to being part of their growth trajectory,” he said.

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