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WI Harper Portfolio Company, Medical System, Successfully IPO's in China Market

BEIJING, TAIPEI and SAN FRANCISCO, Dec. 12, 2016 /PRNewswire/-- WI Harper Group, a global early stage cross-border Venture Capital firm is proud to announce its portfolio company Medical System listed on the Shanghai A-Share market on December 8th under stock ticker, "SHA:603990". The firm recognized Medical System's important position in the healthcare IT industry and have been strong supporters in the company's mission since inception. As the first institutional investor, WI Harper solely led Medical System's first financing round.  Additionally, it help established critical partnerships necessary for the company's growth. In the years since, Medical System has grown into one of the most respected brands in the industry. 

WI Harper Group Chairman, Mr. Peter Liu, met Medical System's Chairman, Mr. Weng Kang, ten years ago, where Mr. Liu vowed he would not miss this investment opportunity. At the time, the healthcare IT industry in China was still nascent, a blue ocean opportunity. More importantly, Medical System's founding team displayed deep knowledge of the medical industry together with impressive team cohesion, leading Mr. Liu to believe firmly in Medical System's ability to make a difference in this field. The company's rapid rise and steady development won them an award as one of China's top 50 most promising new enterprises, and an additional honor as one of China's outstanding software products, among other accolades - a prelude to their emergence as leaders in their industry.

Chairman Peter Liu congratulated Medical System saying, "We are very proud of this achievement by Medical System. In the last ten years, we have witnessed the team's tireless devotion to their cause, leading to their rapid growth and great contribution towards China's healthcare system. Smart healthcare is not only the future, but will be key to benefiting the lives of many. We are confident that Medical System will play a large role in China's healthcare story for years to come."

"Going public is a major milestone for the company," exclaimed Mr. Weng Kang, "Improving healthcare through technology has been and will always be the core of Medical System, and we are excited to further our mission to safeguard peoples' lives. By working with forward thinking investors such as WI Harper Group, we have confidence that Medical System will not only grow to become the industrial leader in China, but a major player in the global healthcare industry."

As a fully integrated clinical information and healthcare IT provider, Medical System will continue to focus on improving the quality of smart healthcare with a growing emphasis on technological innovation and novel clinical solutions, post IPO.

About WI Harper Group

Founded in 1996, WI Harper Group is a global leader in cross-border early stage venture investing between the US and Asia. The firm manages over US$1 billion in committed capital and has made over 350 investments with more than 80 exits. The firm maintains three offices in San Francisco, Taipei, and Beijing with over 20 investment professionals.


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