The combined entity has a revenue of over US$96m.
Foundation Healthcare Holdings (FHH), a private healthcare group in Singapore, declared that it created a platform with over 50 private specialists across 13 medical specialties in Singapore and health tech firm, Smarter Health.
The combined platform entity has a revenue of S$130m (US$96m). It will be supported with investments from SeaTown Private Capital Master Fund, the private equity fund managed by SeaTown Holdings International Pte. Ltd.
The investment will help FHH fasten its expansion on specialty offerings and extend into ambulatory centres and other ancillary services in Singapore and in the region.
The FHH management team will be headed by Mr Liaw Yit Ming and Dr Lee Hong Huei – former senior executives in IHH Healthcare and healthcare industry veterans.