Thomson Medical Group launches subsidiary Thomson X

The subsidiary aims to partner with healthtech startups, international associations.

Thomson Medical Group revealed the recent incorporation of a new wholly owned subsidiary in Singapore, Thomson X, with an issued share capital of $100 comprising 100 shares.

Thomson X would team up with leading healthtech startups as well as international associations to provide innovative health and wellness solutions globally, said TMG in a Singapore Exchange filing.

“Technology has enabled and promoted new wellness and healthcare-seeking behaviour as well as patient empowerment,” the firm added, noting that the COVID-19 pandemic has accelerated technology-driven behavioural change.

Moreover, the incorporation of Thomson X has been funded via internal resources and wasn’t expected to affect the earnings per share and net tangible assets per share of TMG for the current financial year ending on 30 June 2021.