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Singapore O&G announces JV with LYC Healthcare to establish postpartum confinement centre in Johor

Atiqah Mokhtar
Atiqah Mokhtar3/18/2021 5:50 PM GMT+08  • 2 min read
Singapore O&G announces JV with LYC Healthcare to establish postpartum confinement centre in Johor
The centre will have up to 130 beds and will be located near the Singapore-Malaysia border.
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Singapore O&G has entered into a joint venture (JV) agreement with LYC Mother & Child Centre, a wholly-owned subsidiary of f LYC Healthcare for the purpose of setting up a postpartum confinement centre of up to 130 beds in Johor, Malaysia.

In a filing to SGX dated March 18, Singapore O&G stated that a special purpose vehicle will be set up for the proposed confinement centre, with O&G and LYC Mother & Child Centre owning 49% and 51% stakes respectively.

The proposed confinement centre will provide postpartum confinement care and related services catering to both Malaysian and Singaporean customers who wish to spend their post-childbirth confinement period in Johor. The JV agreement also provides for the establishment of similar centres in Malaysia, as may be agreed by Singapore O&G and LYC Healthcare.

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