The Business Times
business-time-50
SUBSCRIBERS

Singapore Paincare brings Western treatment and TCM together in new Chinese JV

google-preferred-sourceAdd BT as a preferred source
Megan Cheah

Megan Cheah

Published Thu, Jul 6, 2023 · 12:37 PM
    • SPCH executive director and chief executive Dr Bernard Lee (left) and president of Puxiang Healthcare Xu Hua Yong. Dr Lee says the move will enable SPCH to capture a whole new market. 
    • SPCH executive director and chief executive Dr Bernard Lee (left) and president of Puxiang Healthcare Xu Hua Yong. Dr Lee says the move will enable SPCH to capture a whole new market.  PHOTO: SINGAPORE PAINCARE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MEDICAL services group Singapore Paincare Holdings (SPCH) is partnering Chinese community hospital operator Puxiang Healthcare to bring its specialist pain-care treatments to China and widen its pool of patients.

    The Catalist-listed group has signed a non-exhaustive, non-binding term sheet with Beijing Puxiang Hospital Investment Management Co (BPHIM), a wholly-owned subsidiary of Puxiang Healthcare, to set up a joint venture (JV) company, PuXin Pain Technology Hospital Management Company.

    SPCH will own 49 per cent of the JV, with BPHIM holding the remaining 51 per cent.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore PaincareChinaHealth

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More