Investment to Drive Further Development in DJ HealthUnion’s Health Information Exchange Solutions Technology
Shanghai, Beijing and Hong Kong, 16 Sept 2015 – HAO Capital, the China-focused private equity firm, today announced that it has invested USD 12.5 million in DJ HealthUnion Systems Corporation (“DJ HealthUnion”), a leading domestic provider of digital hospital solutions, with a focus on health data sharing solutions. The financing will be used to further support DJ HealthUnion’s development of its interoperable Health Information Exchange (“HIE”) system.
The investment has been made from HAO’s US$73 million Auxiliary Fund, which was launched in 2014.
DJ HealthUnion has become one of the most established healthcare IT companies in China since its inception in 1999. HAO Capital first invested in DJ HealthUnion in 2010.
With financing and operational support from HAO, DJ HealthUnion has successfully expanded its business from Medical Imaging Informatics to a full range of digital hospital solutions, and developed an IP-protected Health Information Exchange (“HIE”) Solution called the Health Information Union Platform (“HiUP”) series. HiUP meets the national and global standards of healthcare IT (“HCIT”) interoperability, a foundation enabling different IT system software applications to exchange information and then meaningfully use the information received.
Qian Weijia, General Manager and CEO of DJ HealthUnion, said, “More and more hospitals in China have multiple HCIT systems, which hold valuable clinical data but simply cannot share it with each other to support clinical decision-making, coordinated care, quality improvement and efficiency. The need for effective data sharing within and among hospitals has rapidly increased in recent years. HiUP is the first HIE system developed in China that can best meet such needs. Mobile and big data applications in the healthcare industry have also become new drivers of health data sharing, which has created even greater potential for HiUP.
“Our self-developed HiUP series of HIE solutions have been successfully applied by some of the leading hospitals and regional union projects in Guangzhou, Suzhou, Shanghai, Beijing and Jinan. With further support from HAO Capital, we are confident of increasing our technical and implementation capability for a nationwide client base, with a mission to provide cost efficient solutions to healthcare providers and to create a better patient experience.”
Elaine Wong, Partner and Co-Founder of HAO Capital, said, “DJ HealthUnion is unique in China, bringing together a team of Healthcare, Hospital Management, and IT experts and we are delighted to be funding its further development. Its HiUP is the first full HIE system in China providing hospital administrators with a real-time dashboard to understand and improve the speed, quality, safety, and cost of hospital-wide patient care. It also enables doctors to secure real-time access to patient data, not only providing information at their fingertips, but directly improving the speed and efficiency of patient care.”
DJ HealthUnion’s unique HiUP system has helped the First Affiliated Hospital of Sun Yat-sen University in Guangzhou fully digitalize its medical records and enabled the hospital to efficiently use all patient information across the various different departments within the hospital. It has not only revolutionized its data management but has also laid the foundation for the hospital to conduct in-depth data analysis in the future.
DJ HealthUnion is part of SKR, HAO Capital’s medical technology platform company. The company’s vision is to become a leading medical equipment, service and solution provider that makes quality healthcare accessible and affordable to patients in China.
SKR has made three key investments to date: AMS (a radiopharmaceutical provider), TCL Healthcare (a medical diagnostic imaging company), and DJ HealthUnion.