M&A deals drive 50% rally in healthcare stocks over past year
Singapore
HEALTHCARE stocks in Singapore have rewarded investors with an average 50 per cent gain in the past year, a rally that may continue as companies acquire local clinics to expand in the region's medical-care market.
Singapore Medical Group has more than doubled since August when it announced the purchase of a radiology centre, while Singapore O&G Ltd - which runs gynaecology centres - has surged 73 per cent in the past 12 months. That has helped an index of nine medical services providers worth less than S$1 billion climb three times as much the benchmark Straits Times Index (STI).
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