Starr Companies has led a $70m round for Chinese medicine provider Gushengtang that also featured insurance firm Ping An.
Gushengtang, a China-based clinic operator that provides traditional Chinese medicine treatments, has raised $70m in a series C round led by insurance firm Starr Companies, China Money Network reported today.
Insurance company Ping An Insurance also contributed capital to the round.
Founded in 2010, Gushengtang operates more than 20 clinics across China that rely on traditional Chinese medicine to treat patients.
The company passes on a portion of its profits to doctors, as well as sharing its prescription drug revenue…
