Shanghai United Imaging Healthcare Co.,Ltd. | |
Trading Name: | United Imaging |
Native Name: | 上海联影医疗科技股份有限公司 |
Type: | Public |
Location: | Shanghai, China |
Revenue: | (2023) |
Net Income: | (2023) |
Assets: | (2023) |
Equity: | (2023) |
Owner: | Shanghai Municipal People's Government |
Num Employees: | 7,440 (2023) |
Industry: | Medical technology |
Footnotes: | [1] |
United Imaging (UIH;) is a partially state-owned publicly listed Chinese multinational medical technology company headquartered in Shanghai, China. The company manufactures medical imaging and radiotherapy equipment.
UIH was founded in 2011 by Xue Min and Zhang Qiang who were former of employees of Siemens.[2] [3] The Shanghai Municipal People's Government and Chinese Academy of Sciences helped establish the company as well as provide funding for it to develop.[4] The Shanghai government is considered the controlling shareholder of UIH as it has majority ownership through indirect holdings.
In 2013, UIH established its American Research and development center in Houston. In 2018, Houston became its regional headquarters when UIH entered the North American market by attending the Radiological Society of North America's annual meeting.
In 2014, General Secretary Xi Jinping visited the company during a trip to Shanghai.
UIH benefitted during the COVID-19 pandemic. Chinese health authorities listed scanners and X-ray systems as basic required equipment for hospitals leading to a surged in demand. UIH became profitable in 2020
In August 2022, UIH held its initial public offering becoming a listed company on the Shanghai Stock Exchange STAR Market. It raised US$1.6 billion making its one of the largest offerings in China that year. On its trading debut, UIH shares surged 75%.[5]
UIH has established overseas operations around the world although it is still in process of obtaining sufficient brand recognition globally with the majority of revenue coming from China. It has a research partnership with Washington University School of Medicine. UIH competes with peers such as Siemens Healthineers, GE HealthCare and Philips Healthcare.