OUE Lippo Healthcare (OUELH)

OUE Lippo Healthcare snaps up stakes in six Myanmar medical facilities for $26.5 mil
SINGAPORE (Jan 10): OUE Lippo Healthcare (OUELH) is acquiring stakes in three hospitals, one medical centre and two clinics to expand its foothold in Myanmar. The three hospitals, with a total bed capacity of 370 beds, are located in the key cities of Yangon, Mandalay and Taunggyi. The core services offered by the hospitals include emergency, out-patient, in-patient, laboratory, imaging, ...
OUE Lippo Healthcare to acquire stakes in First REIT, manager for $142 mil; to be funded via rights issue
SINGAPORE (Sept 18): OUE Lippo Healthcare (OUELH), the healthcare subsidiary of OUE, announced Tuesday it plans to acquire stakes in SGX-listed First Real Estate Investment Trust (First REIT) as well as its manager, Bowsprit Capital Corporation, for a total consideration of $142.2 million. Through wholly-owned subsidiary OLH Healthcare Investments, OUELH has agreed to pay $102.7 million to ...
OUE Lippo Healthcare reports smaller 1Q net loss of $2.7 mil
SINGAPORE (May 10): OUE Lippo Healthcare reported a 1Q18 net loss of $2.7 million, 75.5% smaller compared to the net loss of $11.2 million a year ago. Revenue for 1Q18 decreased 6.1% to $9.8 million from $10.5 million a year ago due mainly to lower revenue recorded by the Wuxi New District Phoenix Hospital and its China drug distribution business. Revenue from rental of the Japan nursing ...
OUE reports 31.5% fall in FY17 earnings to $99 mil on provisions and absence of one-off gains
SINGAPORE (Feb 23): OUE, the integrated property developer, reported FY17 earnings fell 31.5% to $98.9 million from $144.4 million in FY16, led by lower earnings before interest and tax but partially mitigated by higher fair value gains on investment properties. Excluding a non-recurring revenue of $205.0 million on the disposal of the extension to Crowne Plaza Changi Airport (CPEX) to OUE ...
OUE Lippo Healthcare jumps 19% on deal with Itochu
SINGAPORE (Jan 11): OUE Lippo Healthcare is up 20% or 2 cents to 14 cents after Japanese trading-focused conglomerate Itochu Corp takes a 25% stake by private placement. See: Japan's Itochu acquires 25.3% stake in OUE Lippo Healthcare for $79 mil The $78.8-million deal gives the manager of healthcare facilities in Japan and China a shot in the arm as it seeks to expand its healthcare ...
Japan's Itochu acquires 25.3% stake in OUE Lippo Healthcare for $79 mil
SINGAPORE (Jan 10): Itochu Corporation, one of the largest trading companies in the world, is all set to become a strategic investor in OUE Lippo Healthcare through the private placement of $78.8 million worth of shares. Itochu, with a market capital of over US$30 billion, intends to diversify into the growing healthcare market in Asia by taking a strategic stake in OUELH, the healthcare ...