In an announcement, Baird Capital said its China Growth Equity team had invested in one of the largest medical equipment service providers in China, namely Kedu Healthcare.
Kedu was established back in 2006 by James Ni, a former GE healthcare executive. The goal was to provide medical equipment services to the Chinese market. From its humble beginnings, the company was able to install about 23,000 pieces of equipment in over 100,000 hospitals throughout the country. Because of its performance, it had become a partner to hospital organizations aas well as original equipment manufacturers both locally and from abroad.
According to Baird Capital Partner in the China Growth Equity team Brett Tucker, "We discovered that many U.S. and European healthcare instrument and equipment makers are finding it very difficult to provide quality maintenance service and spare parts to their hospital customers across China. Kedu's broad network of more than 400 service and sales engineers across China is a compelling solution to that problem and we are excited to partner with the company's experienced management team to drive further business growth."
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