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Asian Healthcare Specialists eyes 51% stake in Cornerstone Asia Health

Acquisition cost about 13 times Cornerstone's net profit for last fiscal year

Vivienne Tay

Vivienne Tay

Published Fri, Jul 5, 2019 · 09:50 PM
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Singapore

ASIAN Healthcare Specialists (AHS) has entered into a term sheet to acquire 51 per cent of Cornerstone Asia Health, a provider of healthcare services across various specialisations.

The cost of acquisition is estimated at 13 times Cornerstone Asia's net profit for the fiscal year ended June 30, 2019.

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