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Econ Healthcare prices IPO shares at S$0.28 each

Market capitalisation of private nursing home operator upon the listing will be approximately S$72m

Singapore

OPERATING as a private business for close to a decade gave Econ Healthcare the leeway to restructure and prepare for future growth, but the private nursing home operator is now ready to go public again.

It is timely for the firm to list, given the increasing need for aged care services in the region and as the company displays strong growth, according to executive chairman and group chief executive Ong Chu Poh.

Econ Healthcare first listed in 2002 and was privatised in 2012 by Mr Ong, who is also the founder, and European private equity fund group EQT.

"Since 2002, we have been growing every year and providing profits for our shareholders.

"And with the Asia-Pacific region ageing, the potential...

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