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Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group

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Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group

Samantha Chiew Published on Mon, Dec 18, 2017 / 11:13 AM GMT+8

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SINGAPORE (Dec 18): Rowsley today signed a binding agreement to acquire a 100% of Sasteria from controlling shareholder Lim Eng Hock, better known as Peter Lim, for $1.6 billion.

Sasteria is the owner of Thomson Medical and the controlling shareholder of Malaysia-based TMC Life Sciences (TMCLS) with a 70.36% stake.

Following the acquisition, Rowsley will be changing its name to Thomson Medical Group, pending approval from shareholders.

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Primary tabs

Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group

M&A

Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group

Primary tabs

Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group

M&A

Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group

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