Administrative support provider Medinex eyes bigger piece of private clinic market

Chan Chao Peh
Chan Chao Peh12/10/2018 07:30 AM GMT+08  • 5 min read
Administrative support provider Medinex eyes bigger piece of private clinic market
SINGAPORE (Dec 10): Jessie Low, CEO of Medinex, has been providing administrative and accounting services to private doctors since 2006. Low’s pitch is simple: The doctors should concentrate on seeing patients and leave the administrative paperwork of
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Dec 10): Jessie Low, CEO of Medinex, has been providing administrative and accounting services to private doctors since 2006. Low’s pitch is simple: The doctors should concentrate on seeing patients and leave the administrative paperwork of the clinics to service providers like her.

One of Low’s long-time clients is Dr Heah Sieu Min, CEO of HC Surgical Specialists. Dr Heah not only engaged the services of Medinex but recognised its growth and earnings potential as well. “Since 2009, he has been telling me, ‘One day, I’m going to acquire [your company].’ And I let it happen in 2017,” says Low in an interview with The Edge Singapore, referring to HCSS’ acquisition of a substantial stake in Medinex in June 2017.

In November 2016, HCSS went public, joining the growing list of healthcare companies listed on the Singapore Exchange. The purchase of a stake in Medinex was part of a series of acquisitions HCSS made. Two years later, on Nov 30, it was Medinex’s turn to register its IPO. Through an all-placement offer of 30 million shares (including four million vendor shares), it raised gross proceeds of $7.5 million.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.