HK: IFC invests $60m in Fung Group-backed medical firm idsMED

Photo by Henk Vrieselaar on Unsplash

International Finance Corporation (IFC), a member of the World Bank Group, has invested $60 million in equity in IDS Medical Systems Group (idsMED), a Hong Kong-based medical supply-chain solutions company.

The idsMED Group is majority owned by Fung Investments, the private investment arm of the families of Dr. Victor Fung and Dr. William Fung who are the controlling shareholders of the Hong Kong-based multinational firm Fung Group.

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