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Medical group Foundation Healthcare raises $400 mil in nine months, projects speedier growth in 2024

The Edge Singapore
The Edge Singapore • 2 min read
Medical group Foundation Healthcare raises $400 mil in nine months, projects speedier growth in 2024
Foundation Healthcare's COO Dr Lee Hong Huei (left) and CEO Liaw Yit Ming / Photo: Foundation Healthcare
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Set up just in March, Foundation Healthcare Holdings has raised some $400 million in debt and equity to finance its strategy of growing by acquisitions.

FHH, which describes itself as "one of the fastest growing and largest private multi-specialty groups in Singapore" has attracted investors such as Temasek subsidiary Seatown Holdings, which invested $150 million earlier this year.

From just over 50 medical specialists at the start, FHH now boasts more than 70 specialists nine months later. It runs 52 clinics and 2 medical centres across the island and within the key private hospitals here.

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