SINGAPORE, Oct 11 (Askume) – Singapore-based private healthcare company Health Management International (HMI Medical) said on Friday it will acquire a majority stake in Advanced Urology Associates, Singapore’s largest private urology specialist group.
HMI did not provide financial details of the deal in its statement.
According to the statement, with the support of HMI Medical, Advanced Urology aims to expand its local and regional footprint through community outreach, physician recruitment efforts and the establishment of new clinics and medical facilities.
HMI Medical also operates in Malaysia and Indonesia and continues to grow through mergers and acquisitions. In November, the company said it had acquired a majority stake in Harley Street Heart and Vascular Center, but did not disclose financial details.
HMI Medical was taken private by Swedish private equity firm EQT (EQTAB.ST) in 2019 for S$611 million ($468 million) and delisted from the Singapore Exchange.
In June last year, U.S. alternative asset management firm Apollo Global Management Inc (APO.N) said it had invested in the holding company of HMI Medical through its blended value business. The value of the investment was not disclosed.
(USD 1 = SGD 1.3052)
