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Healthcare

M&A

Medinex makes $1.2 mil acquisition of business support services firm

SINGAPORE (May 8): Medinex Limited is acquiring full ownership of SKI Corporate Services and SKI Consultancy, collectively known as the SKI Group, for a total consideration of $1.2 million.

Results

Raffles Medical Group posts 13.7% lower 1Q earnings of $13.65 mil on gestation loss from Chongqing hospital

SINGAPORE (April 29): Raffles Medical Group (RMG) has announced earnings of $13.65 million for the 1Q ended March, down 13.7% y-o-y from $15.8 million on start-up costs for Raffles Hospital Chongqing.

Deals, joint ventures & alliances

Q&M collaborates with IMU Education to develop AI-enhanced system

SINGAPORE (April 9): Q&M Dental Group is partnering Malaysian private university operator IMU Education Sdn Bhd to develop an artificial intelligence (AI) enhanced dental treatment decision support system to manage common dental problems.

Healthcare

HC Surgical appointed as sole colonoscopy screening provider for AIA Singapore

SINGAPORE (April 1): HC Surgical Specialists has been appointed by AIA Singapore as the exclusive healthcare provider for certain of the latter’s eligible clients, specifically those aged 50 and above under the HealthShield Gold Max Essential A Saver an

In print this week

Till sickness do us part

Singapore’s healthcare system has been held up as an example for other governments to follow. But residents are growing old, and tired of ever-increasing costs.

In print this week

A view from the hospital bed in Malaysia

SINGAPORE (Mar 18): It started the day after I returned to Penang from Singapore, a visit filled with the usual shopping and dining, as well as catching up with friends and relatives. An earache prompted a quick visit to the GP, but it didn’t mar the fa

Broker's Calls

OUE Lippo Healthcare started at 'buy' on improving earnings visibility

SINGAPORE (Mar 11): Soochow CSSSD Capital Markets (SCCM) is starting coverage on OUE Lippo Healthcare (OUE LH) at “buy” with a target price of 8.8 cents, while forecasting a 25.2% earnings per share (EPS) CAGR from FY19-22E as the group enters a “du

In print this week

Cautious Budget spending necessary for long-term planning: Heng Swee Keat

SINGAPORE (Mar 4): Singapore may have accumulated huge surpluses during the current term of government, but that does not indicate an upcoming spending spree. The surpluses will also not be used to stall an impending Goods and Services Tax hike due to hap

Results

Hyphens Pharma 4Q earnings grow 31.9% to $0.8 mil in absence of one-off IPO expenses

SINGAPORE (Mar 1): Hyphens Pharma International has announced earnings of $0.8 million for the 4Q ended Dec 2018, rising 31.9% from $0.6 million in 4Q17 in the absence of one-off IPO expenses incurred from the year before.  

Results

Raffles Medical posts 0.4% rise in FY18 earnings to $71.1 mil; recommends 2 cents final dividend

SINGAPORE (Feb 25): Raffles Medical Group (RMG) announced $71.1 million in earnings for FY18, rising a marginal 0.4% from $70.8 million in FY17 as higher tax expenses and additional depreciation from the recently-completed Raffles Specialist Centre contin
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