Besides running clinics, the company, headed by executive chairman Dr Barry Thng Lip Mong, distributes drugs and provides managed healthcare administrative services.
Alliance Healthcare Group, which operates a chain of clinics, has been buying back shares. The most recent transaction was on March 29, when 60,000 shares were bought at 17.5 cents each. This brings the total number of shares bought back under the current mandate to 400,000.
Prior to this, Alliance Healthcare bought 100,000 shares on March 28; 70,000 shares on March 25; 100,000 on March 21; and 70,000 shares on March 18. The company paid the same 17.5 cents for these shares. At current levels, its share price is trading at a historical P/E ratio of around 15x.
