Health Management International is back in Singapore's healthcare scene with its latest acquisition

SINGAPORE (May 18): More than a decade after ceasing hospital operations in Singapore, Health Management International (HMI) is making a comeback.

The group has struck a deal to own a majority share in a specialist day-surgery centre here.

The move back is driven by the growing demand for private healthcare — particularly ambulatory care, or outpatient services and procedures — in Singapore. And, an ambulatory care centre tends to cost less to operate than a full-fledged, multi-disciplinary hospital, analysts say.

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