Raffles Medical strengthens China and Indochina presence

 20-Feb-17, Nikkei Asian Review

Raffles Medical Group is ramping up efforts in China and Indochina as strong demand for quality healthcare offer attractive growth opportunities. Goh Ann Nee, chief financial officer, said the group was "now building up and putting in the infrastructure for China clinics and Indochina clinics." 

Image: Raffles Medical Group / Nikkei Asian Review

Raffles Medical has been expanding beyond Singapore and into other parts of Asia such as China and Indochina, where strong demand for quality healthcare offer attractive growth opportunities. It is also growing its portfolio of corporate clients with more multinational companies using its medical services outside of Singapore, including Japan, Vietnam and China.

It also logged revenue of SGD474 mn (USD336 mn), a 15% increase compared with a year ago. Revenue from its healthcare services and hospital services increased by 31% and 6.3%, respectively.

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