Raffles Medical plans to spend S$1b over next three years on expansion in Asia
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Singapore
SINGAPORE'S biggest healthcare provider Raffles Medical Group will spend S$1 billion over the next three years to set up hospitals and clinics in Asia, group chairman and co-founder Loo Choon Yong said.
About S$600 million will be used to spur growth outside its Singapore base, particularly in China, where an ageing population and government reforms are expected to boost demand for medical care.
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