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The company has also been appointed the operator for two upcoming homes, with one operational in the second half of 2022 and the other by 2025. By then Econ Healthcare’s total bed capacity reach 2,388. In addition, Econ Healthcare is expanding in China with local partners and will have around 2000 beds by 2025. The homes now have an average of 1,094 residents and an average occupancy rate of 88.4%. For FY2020 ended March 2020, the company generated revenue and operating subvention grants of $37.3 million, up slightly from just below $37 million for FY2019. Earnings for FY2020 was $4.04 million, down from $4.3 million in the preceding year. For 1HFY2021 ended Sept 2020, its topline was $18.6 million and earnings $3.7 million. Instead of committing significant capex by building the homes and then operating them, Econ Healthcare plans to grow by adopting an asset-light model by leasing and operating instead.