Singapore is currently in the middle of a new Covid-19 variant, XBB.
Private hospital groups such as Raffles Medical Group and IHH Healthcare may stand to benefit from the rise in Covid-19 cases, says DBS Group Research analyst Rachel Tan.
Referring to a report by broadsheet The Straits Times on Oct 20, Tan noted that public hospitals in Singapore are experiencing a bed crunch that has spilt over to the emergency departments. The crunch, which has increased the waiting time at public hospitals to 50 hours, has been attributed to the rise in Covid-19 cases, the flu season, as well as the higher number of acute patients.
