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Two medical groups eye overseas markets
Published Wed, Aug 12, 2015 · 09:50 PM
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Singapore
TWO Singapore-based medical groups - American Medical Group Limited (AAMG) and Fullerton Healthcare Group - have separately announced overseas acquisitions.
With the Republic's medical tourism weakening, healthcare operator AAMG - which is headquartered in Singapore's Gleneagles Hospital and listed in Australia - has turned to the Chinese market with hopes of reversing its declining fortunes.
The Singapore-based group has bought a 60 per cent stake in Rich Tree Land Pte Ltd (RTL) for S$19.6…
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