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Econ Healthcare to acquire transport operator Ambulance Medical Service for $8.8 mil

Bryan Wu
Bryan Wu • 2 min read
Econ Healthcare to acquire transport operator Ambulance Medical Service for $8.8 mil
Econ Healthcare and Ambulance Medical Service leadership at the sale and purchase agreement ceremony. Photo: Econ Healthcare
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Econ Healthcare (SGX:EHG) has announced its proposed acquisition of Ambulance Medical Service (AMS), an emergency ambulance and medical transport operator in Singapore, for an aggregate consideration of $8.8 million on Nov 29. 

According to Econ Healthcare, its acquisition of AMS, which has over 15 years of expertise in the industry, marks a significant milestone for the company in its efforts to further strengthen its suite of healthcare services and ecosystem of care.   

As at Nov 29, AMS manages a fleet of 57 ambulances. Its key market segments include provision of 24/7 ambulance transport services for both emergency and non-emergency cases, medical standby and coverage at events. 

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