Singde Yiyang, a leading wellness service provider based in Qingdao, reportedly raised “hundreds of millions” of renminbi in a Series A financing round led by Genertec Investment. The company plans to implement a “1+X+N” layout, covering key regions and cities in China, with a target of over 10,000 beds.
Company Overview
Founded in 2009, Singde Yiyang offers comprehensive, professional, standardized, and personalized services for the elderly, including medical care, rehabilitation, and nursing. The company specializes in serving individuals with semi-disabilities, disabilities, and dementia.
Expansion and Current Operations
Singde Yiyang currently operates 11 chain medical and early-care combination institutions in China, with over 4,700 beds. The recent Series A funding will support the company’s expansion plans, enabling it to enhance its services and reach more regions across the country.
Significance of the Funding
This investment underscores the growing demand for high-quality wellness services in China and highlights Singde Yiyang’s position as a leader in the industry. The company’s expansion will help address the increasing need for elderly care and wellness solutions in the country.-Fineline Info & Tech
