Healthcare

Thomson Medical Group begins FY19 with million-dollar 1Q loss on higher finance costs
SINGAPORE (May 13): Thomson Medical Group (TMG), formerly known as Rowsley, has announced a $1 million loss for the 1Q ended March, reversing from earnings of $89,000 in 1Q18 due to a spike in finance costs in the recent quarter under review. Revenue for 1Q19 grew 4% to $54.5 million from $52.5 million a year ago, due to higher inpatient volumes and higher average bill sizes at the Group’s ...
Singapore O&G reports 15.5% earnings decline to $2.1 mil on higher operational expenses
SINGAPORE (May 9): Singapore O&G (SOG) has reported earnings of $2.1 million for 1Q19, down 15.5% from $2.5 million a year ago due to higher operational expenses. This translates earnings per share (EPS) of 0.44 cent, down from 0.52 cent in 1Q18 although net asset value (NAV) per share grew to 9.79 cents as at end-March from 9.35 cents as at end-2018. Revenue for the quarter grew 6.5% ...
OUE Lippo Healthcare swings back into the black in 1Q
SINGAPORE (May 8): OUE Lippo Healthcare (OUE LH) has posted $0.2 million earnings, reversing from its 1Q18 loss of $2.7 million due to lower finance costs, higher other income as well as higher share of results of equity-accounted investees. This comes despite a 7.3% decline in revenue to $4.8 million from $5.2 million previously, which came on the back of lower revenue from the group’s ...
Medinex makes $1.2 mil acquisition of business support services firm
SINGAPORE (May 8): Medinex Limited is acquiring full ownership of SKI Corporate Services and SKI Consultancy, collectively known as the SKI Group, for a total consideration of $1.2 million. The SKI Group provides business support services such as accounting, tax and corporate secretarial services to clients mainly in the IT advertising industries, which Medinex claims not to have a strong ...
Raffles Medical Group posts 13.7% lower 1Q earnings of $13.65 mil on gestation loss from Chongqing hospital
SINGAPORE (April 29): Raffles Medical Group (RMG) has announced earnings of $13.65 million for the 1Q ended March, down 13.7% y-o-y from $15.8 million on start-up costs for Raffles Hospital Chongqing. Revenue for the quarter grew 6.7% to $128.3 million from $120.2 million a year ago on higher contributions from the Healthcare Services and Hospital Services divisions, where revenue grew by 8.9% ...
Q&M collaborates with IMU Education to develop AI-enhanced system
SINGAPORE (April 9): Q&M Dental Group is partnering Malaysian private university operator IMU Education Sdn Bhd to develop an artificial intelligence (AI) enhanced dental treatment decision support system to manage common dental problems. The project will focus on developing AI algorithms to “intelligently assist dental treatment decision-making”. This will be accomplished by ...
HC Surgical appointed as sole colonoscopy screening provider for AIA Singapore
SINGAPORE (April 1): HC Surgical Specialists has been appointed by AIA Singapore as the exclusive healthcare provider for certain of the latter’s eligible clients, specifically those aged 50 and above under the HealthShield Gold Max Essential A Saver and AIA Max VitalHealth A policies. Under the agreement which is effective today, AIA Singapore will provide complimentary colonoscopy ...
Till sickness do us part
Singapore’s healthcare system has been held up as an example for other governments to follow. But residents are growing old, and tired of ever-increasing costs. SINGAPORE (Mar 18): It was turning into a long-drawn-out ordeal. For six weeks, Angeline Yong’s septuagenarian father had complained of pain in his stomach, but doctors at the GP clinics simply sent him home with instructions to ...
A view from the hospital bed in Malaysia
SINGAPORE (Mar 18): It started the day after I returned to Penang from Singapore, a visit filled with the usual shopping and dining, as well as catching up with friends and relatives. An earache prompted a quick visit to the GP, but it didn’t mar the family reunion dinner that night. But by the first day of Chinese New Year (Tuesday), it was obvious that the heavy coughing and phlegm was not ...
OUE Lippo Healthcare started at 'buy' on improving earnings visibility
SINGAPORE (Mar 11): Soochow CSSSD Capital Markets (SCCM) is starting coverage on OUE Lippo Healthcare (OUE LH) at “buy” with a target price of 8.8 cents, while forecasting a 25.2% earnings per share (EPS) CAGR from FY19-22E as the group enters a “durable earnings expansion phase”, in the research house’s words.   Based on the research house’s valuations, the stock currently ...