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Healthcare provider HMI raises S$18.5m via rights issue

Proceeds will be partly used to boost its stakes in two hospitals in Malaysia

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HMI said last year that it has agreed to raise its stakes in its 49 per cent-owned Mahkota Medical Centre (above) in Malacca and its 61 per cent-owned Regency Specialist Hospital in Johor to 100 per cent each.

Singapore

PRIVATE healthcare provider Health Management International (HMI) has raised gross proceeds of about S$18.5 million from a rights issue, with the net proceeds to be partly used to boost its stake in its two hospitals in Malaysia.

According to HMI, its renounceable non-

sentifi.com

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