HMI surges 9% on 73-cent privatisation offer; analysts recommend 'accept'

Samantha Chiew
Samantha Chiew7/8/2019 3:0 PM GMT+08  • 3 min read
HMI surges 9% on 73-cent privatisation offer; analysts recommend 'accept'
Shares in Health Management International are up as high as 9.1% at 2.48pm to trade at 72 cents from its last close of 66 cents.
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SINGAPORE (July 8): Shares in Health Management International (HMI) are up as high as 9.1% at 2.48pm to trade at 72 cents from its last close on July 4 of 66 cents.

The price surge follows the group's announcement on July 5 that it has received a 73 cents per share privatisation offer from PanAsia Health, valuing the target at $611 million.

PanAsia says the acquisition will allow it to invest in a reputable private healthcare provider with a regional presence in Singapore, Malaysia and Indonesia.

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