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UBCare

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Leading provider of EMR solutions for South Korea

Seoul, South KoreaFounded 1992Outside Tech
Valuation $250–500M Last recorded · 2020
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for UBCare and the history behind them.

About UBCare

UBCare is a digital healthcare solutions company and the leading provider of Electronic Medical Record (EMR) solutions in South Korea, holding the largest market share. The company was founded in December 1994 as 'Medidas', an in-house venture of Medison, after launching the first Korean EMR system, 'Ysarang', in 1993. It was listed on the KOSDAQ in July 1997.

The company's core business revolves around its 'Ysarang' EMR platform, which serves over 17,700 hospitals and clinics and 8,000 pharmacies across a nationwide network. UBCare's business is structured into several divisions: EMR solutions, pharmaceutical and medical supply distribution, and data/marketing solutions. Revenue is generated through the EMR platform, value-added services, online shopping malls for medical supplies, and providing data analytics and marketing solutions to pharmaceutical companies.

Serving a wide range of clients from small clinics to hospitals and pharmacies, UBCare provides integrated management solutions, mobile patient management, and systems for electronic prescriptions and automated inspection requests. Through its subsidiaries, such as Cretem and Hectonproject, the company has expanded into pharmaceutical automation systems and senior care platforms. In 2020, GC Healthcare (formerly Green Cross Healthcare) acquired a majority stake in UBCare, aiming to accelerate its digital healthcare business and create a comprehensive medical data platform that connects medical providers with patients.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1992
Headquarters
Seoul, South Korea
Open positions
None listed
Dealroom signal
0.0/100
Sector
Outside Tech
Investment activity
1 company, latest Nov 2022
Capital deployed
$0
Preferred round
SEED
Links
Website

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Feb 2020 $175M $332M GC Green Cross Wellbeing ↗
FundingOther financing Mar 2018 $0 — Kakao Investment —
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Growth signals

UBCare website traffic

Latest recorded traffic for UBCare is 460K monthly website visits, up 53.3% over the last three months.

Latest monthly visits460K 3-month web change+53.3%
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • Stic Investment

Other known investors2 additional known investors

  • GC Green Cross Wellbeing
  • Kakao Investment
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇰🇷 South Korea · Seoul HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about UBCare on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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