The comments come after SPH announced last night its first healthcare acquisition of a 100% stake in Orange Valley Healthcare (OVH) and all the registered trademarks and intellectual property (IP) rights used by OVH for $164 million.
SINGAPORE (April 26): CIMB likes SPH management’s active approach in diversifying its revenue streams, especially into medical care which has a stable, long-term demand backed by Singapore’s ageing population and dwindling family sizes.
“We do not rule out SPH making more healthcare-related investments,” says analyst Ngoh Yi Sin in a Wednesday report.
