Future of private medical institutions looks promising

China's private healthcare institutions attracted roughly 11 billion yuan ($1.6 billion) in the past year and a half, demonstrating great potential, according to a recent report.

The report, issued by Beijing-headquartered think tank iyiou.com, revealed that each fund raised surpassed 200 million yuan, and funds mainly went to internet hospitals, private hospitals and clinics. Internet hospital We Doctor attracted 500 million yuan in a pre-IPO round, setting a record.

"As China's medical market continues to deepen, the future of private healthcare is promising," said Yang Wenya, a medical analyst with iyiou.com.