December 13, 2023

YAHOO! FINANCE COVERAGE: MEDICAL GROUP FOUNDATION HEALTHCARE RAISES $400 MIL IN 9 MONTHS, PROJECTS SPEEDIER GROWTH IN 2024

December 13, 2023 by Foundation Healthcare Holdings
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Set up just in March, Foundation Healthcare Holdings has raised some $400 million in debt and equity to finance its strategy of growing by acquisitions.

FHH, which describes itself as "one of the fastest growing and largest private multi-specialty groups in Singapore" has attracted investors such as Temasek subsidiary Seatown Holdings, which invested $150 million earlier this year.

From just over 50 medical specialists at the start, FHH now boasts more than 70 specialists nine months later. It runs 52 clinics and 2 medical centres across the island and within the key private hospitals here.

Besides Seatown, other investors include East Ventures and EMTEK.

FHH expects to grow at faster pace this coming year, with plans to add more specialist practices and support services.

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