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

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

    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.

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