Raffles Medical faces an upward trend in 2022F

This is due to the planned reopening of Singapore’s borders and economy.

In a report by RHB, Raffles Medical (RFMD) is predicted to have an upward trend for the financial year 2022.

The planned opening of Singapore’s borders and the economy is seen as the reason for this.

According to the report, the opening borders would also result in more COVID testing. As RFMD is the exclusive healthcare service provider at Changi Airport, this group is seen to benefit from this. This includes PCR tests for post-arrival air travellers and passengers under the Vaccinated Travel Lane. More COVID-19 tests are expected at workplaces and communities.

Community care facilities are also expected to contribute to the growth. With Connect@Changi, which is currently handled by RFMD, this is expected to augment current hospital capacity.

The vaccination drive is also expected to taper off. With 80% of the population being vaccinated, the Ministry of Health (MOH) has plans to reduce the number of Vaccination Centers, with a shift to Public Health Preparedness Clinics in mind. RFMD operates 14 of these VCs, which could lead to lower 2H21 revenue for its healthcare business.

Follow the link for more news on

Raffles Medical Group

COVID-19

Also Read

Synpaxe, tech giants foster GenAI in healthcare

MOH suspends Peach Gardens after gastroenteritis outbreak

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit