Healthcare
Raffles Medical Group profits down 14.7% in H1
Raffles Medical Group profits down 14.7% in H1
Operating revenue fell due to the promotion and building costs for its Chongqing hospital.
Temasek unit invests $5m in HC Surgical Specialists
It will be done through a 3-year 5.5% convertible bond at a conversion price of $0.54 per share.
Chart of the Day: Singapore's medical device market value to hit $1.3b by 2023
Increased government expenditure will support the segment.
Lonza's core profits rose 9.5% to $720.6m in H1
Its pharma biotech & nutrition segment recorded 10.8% sales growth.
Is it time to invest in at-home technologies for chronic disease care?
Two in five health practitioners recommend a more integrated hospital-home care approach.
Great Eastern and Doctor Anywhere partner to launch health and wellness programmes
About 40,000 insured members will soon access on-demand video consultations by August.
Mount Alvernia Hospital and Icon SOC partner to launch $25m integrated cancer centre
The upcoming facility is expected to start its operations in late 2020.
Thomson Medical Group priced $225m 3-year senior bond in maiden bond offering
Proceeds will be used to refinance its existing debts and extend its debt maturity profile.
Pharmaceutical firm GSK opens $130m manufacturing facility in Singapore
The facility is expected to produce anemia and HIV drugs faster.
Biolidics calls for trade halt pending reimbursements for cancer tests
The fees related to the tests will be reimbursed by China’s National Healthcare Security Administration under its national basic medical insurance...
Thomson Medical Group sets up $500m multicurrency debt issuance programme
The net proceeds will finance its borrowings, expansions and capital expenditure.
Novena Global Lifecare to set up US$150m Sino-Singapore healthcare fund
It will invest in medical services, biomedical projects, mature drugs and precision medicine companies.
Cigna Corporation and Doctor Anywhere roll out digital telehealth service
It aims to reduce travelling and waiting time by offering virtual appointments.
Singapore trails behind China and Saudi Arabia in AI healthcare adoption
Less than a third of Singaporeans have access to their digital health records.
Fortis Healthcare drops sale of stake in RHT Health Trust
Talks with interested parties fell apart.
Singapore's healthcare expenditure to hit US$24.6b by 2020
Private healthcare allowances are tipped to grow at a 8.3% CAGR between 2016-2020.
Chart of the Day: How much are Singaporeans covered by public health insurance?
Nearly 7 in 10 are already covered by the Integrated Shield plan in 2017.
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