Sale of Fullerton Health draws eight non-binding bids in 1st round: sources

Singapore

SIX years since Fullerton Healthcare Corp (Fullerton Health) ditched its much-publicised plan to list on the Singapore Exchange, its owners have put the corporate healthcare solutions firm on the block, even as signs of liquidity strain threaten to cloud its prospects.

But while healthcare-focussed firms seem all the rage now owing to the Covid-19 pandemic, the sale of Fullerton Health may be facing setbacks, particularly valuation-wise due to among other things, its somewhat complicated capital structure, The Business Times (BT) understands.