Q&A Health and Almond Doctor Merge to Form Penguin Almond, File IPO Prospectus

Tonight, news that Almond Doctor and Penguin Doctor have officially announced their merger has sent shockwaves through the medical community.

To this end, VCBeat (WeChat ID: vcbeat) promptly sought verification from the parties involved, Xingren Doctor and Penguin Doctor, in an effort to confirm the authenticity of the report.

Penguin Doctor (Beijing TengKang HuiYi Technology Co., Ltd.) is a digital health service enterprise jointly established by Tencent, Gaw Capital Partners, Medlinker, and Sequoia Capital China. It pursues the parallel development of internet-based and physical healthcare services, committed to embracing the transformation of China’s medical and health industry driven by internet technology, and providing high-quality, safe health management services to the Chinese people.Currently, three Penguin Doctor clinics have been established in Beijing, Chengdu, and Shenzhen. It is expected that 300 directly operated clinics will be opened, 3,000 affiliated clinics will be connected, and 30,000 shared health monitoring terminals will be deployed within the next three years.

Almond Doctor, developed and operated by Shanghai Aihaishi Information Technology Co., Ltd., was officially launched on September 3, 2014. Positioned as a physician-specific tool, Almond Doctor aims to enhance doctors’ work efficiency and facilitate post-consultation communication between physicians and patients. The company has completed a Series B financing round of RMB 200 million, bringing its total funding to approximately RMB 230 million.

We soon received a reply confirming that the information was accurate. Furthermore, the new company will adopt the brand name “Penguin Almond,” with Martin (former CEO of Almond Doctor) serving as President, Wang Shirui (former CEO of Penguin Doctor) as CEO, and Xu Lin (former COO of Almond Doctor) as COO.

The merged Penguin Almond now comprises 33 clinics across eight cities, establishing itself as the largest network in the non-public healthcare system, the largest multi-site practice studio for physicians, and the leading day surgery center.

Appendix: Internal Letter