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, physiotherapy, medical check-up, overseas clinical services, across practices including Cardiology, Orthopaedics, Obstetrics and Gynaecology.

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 acquire 83,593,683 units in First REIT, or 10.63% of the total issued units, for $1.228 each.

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 facilities was stable in Japanese Yen terms but was lower when translated to the Singapore dollar due to lower 1Q18 average exchange rate compared with the average exchange rate for 1Q17.

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 Hospitality Real Estate Investment Trust in FY2016, the Group recorded $74.9 million higher revenue in FY17.

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 portfolio further in the region.

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 subsidiary of OUE.

OUELH says proceeds from the placement will be used to strengthen its financial position and put it in good stead to execute its business plans.

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