EDB unit teams up with Philips to invest in healthcare companies

Singapore

EDBI, the corporate investment arm of the Singapore Economic Development Board, has signed a Memorandum of Understanding with Royal Philips to jointly invest in high-potential digital-health companies from around the world which are seeking to break into the Asian market through Singapore.

EDBI and Philips will focus on mid-to-late stage companies specialising in Population Health Management (PHM), and facilitate their setting up base in Singapore, from where they can access the Asian market for PHM systems.