Raffles Medical gives glimpse at ambitious acquisition plans

But potential targets were not disclosed.

According to a report by Bloomberg, Raffles Medical Group Ltd. (RFMD), Singapore’s second-largest private medical-services provider, may seek acquisitions to capitalize on rising health-care spending in Asia after expansion plans stalled.

The company will consider buying a small center in Singapore offering specialized services if there are suitable opportunities, Chief Financial Officer Lui Chong Chee said in a telephone interview from the city-state. He declined to identify potential targets.

Read full report here.

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