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Clearbridge Health posts smaller 3Q loss of $2.5 mil
SINGAPORE (Nov 12): Clearbridge Health recorded a loss of $2.5 million for the 3Q ended Sept, 21.4% smaller than its net loss of $3.2 million a year ago on higher revenue derived from its newly-commenced businesses.
November 12, 2018
IPO
Cennerv lodges prelim offer documents for Catalist listing, to acquire US subsidiary with proceeds
SINGAPORE (Sept 21): Cennerv Pharmaceuticals on Wednesday lodged its preliminary prospectus ahead of its planned initial public offering (IPO) on the SGX Catalist board.
September 21, 2018
Singapore economy
Singapore says it needs foreign tech talent and ‘fun’ education
SINGAPORE (Sept 21): Singapore, grappling with an aging population and a shortage of high-tech workers, says it needs to bring in foreign talent in areas including software programming while the country rebalances its education system to meet future deman
September 21, 2018
Indonesia billionaire family reshuffles empire on currency rout
SINGAPORE/JAKARTA (Sept 19): Southeast Asia’s billionaire Riady family is reshuffling its health-care holdings as its core property business grapples with the emerging-market rout.
September 19, 2018
Results
Health Management International posts 43% growth in 4Q earnings to $5.1 mil
SINGAPORE (Aug 28): Health Management International (HMI) reported earnings of RM15.2 million ($5.1 million) for the 4Q ended June, up 43% y-o-y from RM10.7 million a year ago on higher revenue and improved margins.
August 28, 2018
M&A
Clearbridge enters MoU for expansion of lab testing services to Indonesia
SINGAPORE (Aug 23): Clearbridge Health’s wholly-owned subsidiary, SAM Laboratory, is acquiring a controlling stake in PT Indo Genesis Medika, a company incorporated in Indonesia, for an aggregate consideration of about IDR 40.7 billion ($3.8 million).
August 23, 2018
Singapore economy
PM Lee unveils healthcare and housing plans to curb cost of living pressures
SINGAPORE (Aug 20): Changes to government schemes on healthcare and housing were outlined by Prime Minister Lee Hsien Loong in his National Day Rally speech on Sunday night.
August 20, 2018
In print this week
Health insurers accountable for higher costs; industry reforms, checks and balances needed
SINGAPORE (Aug 6): When K Leela, 68, was diagnosed with kidney failure about a decade ago, she panicked about the cost. The homemaker needs to have dialysis at least twice a week, for life. Her husband works as a hotel bellhop, and they have three childre
August 05, 2018
Acromec secures $2.9 million contract in healthcare sector
SINGAPORE (July 13): Acromec has secured a contract valued at $2.9 million for the outfitting of a private day-surgery centre.
July 13, 2018
Broker's Calls
Singapore's well-insured ageing population makes this healthcare specialist a choice 'buy' pick
SINGAPORE (July 11): UOB Kay Hian is starting Asian Healthcare Specialists (AHS) at “buy” with a target price of 33 cents as it views the stock as a proxy to increased medical spending from Singapore’s ageing population and rising participation in s
July 11, 2018