Fullerton Health in proposed Singapore listing

 11-May-16, The Business Times

In what could be one of the biggest initial public offerings (IPOs) in more than a year, managed healthcare provider Fullerton Health is said to be seeking to raise some S$300 million through a listing on the local bourse.

Image: Bloomberg

The group - which owns almost 200 clinics and facilities straddling the Asia-Pacific - is understood to have a pro forma market capitalisation of about S$1.5 billion under the proposed deal, making it the third largest healthcare outfit after IHH Healthcare Bhd and Raffles Medical Group (RMG).

Fullerton's move to list is part of wider plans to expand further, and the proceeds raised are expected to be used to fund the group's regional expansion. It was founded in 2011 and within six years managed to grow its footprint through Malaysia, Indonesia, Australia and Hong Kong, with growth driven both organically and via more than 20 acquisitions. 

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 Elsevier APAC Healthcare Update