Baird Capital says its China growth equity team has invested in Kedu Healthcare (Kedu), one of China’s largest independent medical equipment service providers.
The details of the investment is not disclosed.
Kedu was founded in 2006 by former GE Healthcare executive James Ni to provide medical equipment service in China. The company has installed more than 23,000 pieces of equipment in more than 10,000 hospitals across China.
Through this investment, Baird Capital will leverage its extensive healthcare network to help add new U.S. and European equipment and instrument manufacturers to the Kedu platform in China.
"We discovered that many U.S. and European healthcare equipment makers are finding it very difficult to provide quality maintenance service and spare parts to their hospital customers across China," said Brett Tucker, Partner with Baird Capital’s China Growth Equity team. "Kedu’s broad network of more than 400 service and sales engineers across China is a compelling solution to that problem."
Brett Tucker will join the Kedu board of directors as part of this transaction.
Baird Capital is the direct private investment arm of Robert W. Baird & Co. Baird Capital’s China growth equity team provides capital to companies with substantial operations and opportunities in China.