Asian Healthcare Specialists (AHS)

The funding is earmarked for expanding its reach in secondary care, building on the acquisition of Asian Healthcare Specialists.

The proposed acquisition, upon completion, will give Asian Healthcare Specialists full control over Cornerstone Asia Health.

“The acquisition is not only earnings accretive but will also create a larger platform for the recruitment of new specialists and doctors to join the enlarged group, thus expanding the trajectory of [AHS]”, notes Liu Jinshu of Tayrona Financial

The consideration was satisfied through the issuance of 104.2 million new consideration shares in AHS priced at 26 cents apiece, as well as $5 million in cash from proceeds of AHS’s initial public offering (IPO) in April 2018.

SINGAPORE (July 5): Asian Healthcare Specialists (AHS) has entered into a term sheet to acquire a 51% stake in Cornerstone Asia Health (CAH).

SINGAPORE (Nov 29): Asian Healthcare Specialists (AHS) reported 2H18 earnings ended Sept more than trebled to $1 million from $287,000 in 2H17.

SINGAPORE (Oct 22): UOB Kay Hian is reiterating its “buy” recommendation on Asian Healthcare Specialists (AHS) with an unchanged target price of 33 cents following the orthopaedic group’s proposed issuance of convertible bond and grant of share opti

SINGAPORE (June 18): NRA Capital likes Asian Healthcare Specialists for its highly profitable business and aggressive growth plans.

SINGAPORE (June 5): Asian Healthcare Specialists saw its earnings surge more than nine-fold to $1.4 million for the 1H ended March, from $0.2 million a year ago.

SINGAPORE (Apr 20): Two new companies – SLB Development and Asian Healthcare Specialists – made their Singapore Exchange trading debuts on Friday.