Fullerton Health to buy 60% stake in Intellicare Group

Singapore

CORPORATE healthcare solutions provider Fullerton Health announced on Monday it has entered into a deal to acquire a 60 per cent stake in Philippines-based Intellicare Group. The deal is subject to the fulfilment of certain conditions and is expected to complete in early 2018.

When contacted, Fullerton declined to reveal the deal's terms, but said that the company would pay for the stake with a possible combination of debt, cash resources and its recent US$175 million perpetual bond issuance in March 2017.