ISEC Healthcare

ISEC Healthcare is looking to buy Indah Specialist Eye Centre in Johor Baru, Malaysia for some RM37.4 million (S$12.3 million). The Catalist-listed firm's wholly-owned subsidiary has entered into a conditional sale and purchase agreement with six individuals to purchase the entire share capital of the company operating the centre, it said on Tuesday.

Indah Specialist has maintained a stable increase in its income stream and a profit track record for the last three financial years. ISEC Healthcare noted that the eye centre will provide it with a growing stream of recurring income and cash flow from Johor Baru, which is expected to see a rise in demand for specialised and medical eye care services.