SINGAPORE (Sept 25): Raffles Medical Group last month signed an MoU with China Taiping Insurance Group (CTIG) to jointly provide medical insurance solutions as well as healthcare management services and explore health-linked property opportunities.
Apart from working capital, Raffles Medical would not be required to put up any significant capex, given that the initial costs would likely be confined to the joint marketing of products.
The way analysts see it, this collaboration is a strategic and logical move for Raffles Medical, given the group’s existing clinics in China, as well as the upcoming opening of Raffles Hospital Chongqing and Raffles Hospital Shanghai in 4Q18 and 2H19, respectively.
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