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Healthcare provider HMI raises S$18.5m via rights issue

Proceeds will be partly used to boost its stakes in two hospitals in Malaysia

HMI said last year that it has agreed to raise its stakes in its 49 per cent-owned Mahkota Medical Centre (above) in Malacca and its 61 per cent-owned Regency Specialist Hospital in Johor to 100 per cent each.


PRIVATE healthcare provider Health Management International (HMI) has raised gross proceeds of about S$18.5 million from a rights issue, with the net proceeds to be partly used to boost its stake in its two hospitals in Malaysia.

According to HMI, its renounceable non-...

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