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Singapore Medical Group’s acquisition of O&G chain a sign of more to come

Gwyneth Yeo Published on Wed, Oct 12, 2016 / 12:28 PM GMT+8

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SINGAPORE (Oct 12): Following the acquisition of the Astra Women's Specialists group of obstetrics and gynaecology clinics on Tuesday, Singapore Medical Group is expected to continue acquiring other private clinics in existing and new fields, according to RHB Research.

(See also Singapore Medical Group to acquire 6 O&G clinics from Astra Women Specialists for $60 mil)

That said, the brokerage believes the management would likely be prudent and pay no more than 15 times earnings in their future acquisitions.

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