KUALA LUMPUR, Oct 11 (Bernama) -- LYC Healthcare Bhd has completed its acquisition of the remaining 49 per cent stake in Singapore specialist clinics, T&T Medical Group Pte Ltd (T&T) and HC Orthopaedic Surgery Pte Ltd (HCOS) respectively.
In a statement, LYC said the acquisitions were completed on Oct 10, 2022, via its wholly-owned subsidiary, LYC Medicare (Singapore) Pte Ltd (LYC Medicare SG).
Managing director and group chief executive officer David Sui Diong Hoe said the acquisitions will allow LYC to attract more customers by leveraging T&T’s and HCOS’s expertise and experience in the medical field.
“We believe we can attract more customers by expanding our business presence across new locations, improving our facilities and generating more referrals from hospitals and other doctors," he said.
The group had initially acquired a 51 per cent stake in T&T and HCOS in late 2020 to enhance its healthcare service offerings and expand its market presence in the Singapore healthcare sector.
T&T and HCOS provide general and specialised medical services, particularly in the treatment of chronic disease and osteoporosis.
"The completion of these acquisitions brings us one step closer to achieving our aim to list LYC Medicare SG on the Singapore Exchange’s Catalist board and we hope to complete the listing exercise early next year," he added.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
