Accrelist has launched its eighth medical aesthetics clinic at Orchard Central.
The new clinic, which is the group’s second in the core central region, features 10 treatment rooms.
According to the group, it plans to further expand its network of clinics under the Accrelist Medical Aesthetics group of companies (branded as A.M Aesthetics).
“We continue to expand the A.M Aesthetics network as part of our post-Covid growth strategy. Demand for medical aesthetics services remains encouraging and we are on track to launch our 9th clinic later this year,” says Dr Terence Tea, managing director of Accrelist.
In the FY2022 ended March 31, Accrelist’s medical aesthetics services segment increased by 71.4% y-o-y to $10.8 million. The growth was thanks to the expansion of existing clinics and the opening of new clinics, as well as enhanced marketing.
The group adds that it aims to expand its revenue stream through its skincare products business, A.M Skincare Pte. Ltd., which complements the group’s expanding clinic network.
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“Accrelist remains confident in the long-term prospects of its medical aesthetics business and will explore potential opportunities for long-term growth both in Singapore and overseas,” says the group in its Sept 27 statement.
Shares in Accrelist closed 0.3 cent higher or 8.11% up at 4 cents on Sept 27.
