The increase in the group’s turnover for both Primary Healthcare segment and Specialist & Wellness Healthcare segment is largely attributable to revenue from clinics owned by Healthway Medical Enterprise (HME), which was acquired by the group during 2Q17.
SINGAPORE (May 10): Healthway Medical Corporation swung back into the black in 1Q18, recording earnings of $0.12 million, compared to a loss of $0.50 million in 1Q17 and a loss of $28.8 million in 4Q17.
Revenue during the quarter was 23.7% higher at $28.7 million, compared to $23.2 million a year ago, mainly due to the increase in revenue of $2.4 million in the Primary Healthcare segment, as well as $3.1 million in the Specialist & Wellness Healthcare segment.
