Alliance expands in managed healthcare
Targeting this area could allow the Catalist-listed company to develop a higher-margin and more scalable business.
Claudia Chong
AN ageing population and rising healthcare costs are long-term trends that Alliance Healthcare is zeroing in on as it expands its managed healthcare services business, executive chairman and CEO Barry Thng told The Business Times.
The Catalist-listed firm in January took a 55 per cent stake in home-based care startup Jaga-Me for S$3.5 million, and in May rolled out a digital health platform for corporate clients aimed at making healthcare more accessible.
Doubling down on the managed healthcare segment could allow the company to develop a higher-margin and more scalable business. Alliance, which listed in May last year at an offer price of 20 Singapore cents per share, has four main business segments: managed healthcare services, general practitioner (GP) services, specialist services and wholesale distribution of pharmaceutical products.
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