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New Deal


Announced

Completed

Ping An led a $100m Series E round in Visby Medical.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Friendly

Single Bidder

Acquisition

United States

Private

Minority

Completed

Venture Capital

medical diagnostics

Medical Services

Cross Border

Synopsis

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Ping An, a Chinese holding conglomerate, led a $100m Series E round in Visby Medical, a medical diagnostic company, with participation from Healthcare of Ontario Pension Plan, John Doerr, Cedars Sinai Medical Center, ND Capital, Artiman Ventures, Pitango Venture Capital, Blue Water Life Science Advisors and Nissim Capital. This financing will enable Visby Medical to scale production capacity from tens to hundreds of thousands of tests per month, further expand the product menu to include Covid + influenza A/B combination testing, antimicrobial resistance panels, and deliver the power of PCR diagnostics to consumers at-home.

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