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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama