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Healthcare

Staff Reporter

, Singapore

Published:

11 months ago

1355 views

/FHH

Foundation Healthcare Holdings raised more than US$400m in debt and equity for acquisitions

The healthcare group's specialists grew to 70 by the fourth quarter of 2023.

Singapore healthcare group, Foundation Healthcare Holdings (FHH) raised more than US$400m in debt and equity to fund its acquisitions as it continues to grow its staff and medical centres.

"Since its establishment in March 2023 with investments from Seatown Holdings International Pte. Ltd., through Seatown Private Capital Master Fund, FHH has grown from just over 50 specialists to more than 70 specialists by the end of 2023, a phenomenal 40% growth in nine months," read the statement.

Its other notable investors include East Ventures and EMTEK. It also has over 52 clinics and two medical centres island-wide. Some of its programmes include General Surgery, Musculoskeletal, Otorhinolaryngology (ENT), Women and Children, which are amongst the largest and most comprehensive in the private sector.

The company is also preparing to exceed its trajectory of growth in 2024 with the inclusion of more private specialist practices and adjacent support services.

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