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Econ Healthcare
Healthcare
Econ Healthcare to acquire transport operator Ambulance Medical Service for $8.8 mil
Econ Healthcare has also announced its intention to diversify its business to include the provision of medical transport services.
November 29, 2023
Results
Econ Healthcare reverses to earnings of $3.16 mil for 2HFY2023
The company has proposed a final dividend of 0.44 cent per ordinary share.
May 26, 2023
Broker's Calls
Higher staff costs, loss of investor trust plague Econ Healthcare: DBS
“There is lack of information on remedial solutions on Econ’s investment mandate, which could cloud investors' perception.”
November 11, 2022
Broker's Calls
'Investment gone wrong': DBS downgrades Econ Healthcare to 'hold' after $4 mil investment plummets 84%
Crosstec saw an 84% decline in its share price to HK$0.38, which implies potential investment loss of over $3.2 million for Econ.
January 12, 2022
Company in the news
Econ Healthcare spends $4 million to buy shares of Hong Kong listed interior design firm Crosstec
The investment is to improve the yield of its idle cash
January 09, 2022
Deals, joint ventures & alliances
Econ Healthcare to open second nursing home in China
The home will have a capacity of 280 beds and will be operational by 2022.
June 14, 2021
IPO
Shares in Econ Healthcare closed 3.6% higher than IPO price on first day
The newly-listed counter opened at 28.5 cents on the same day and reached an intra-day high of 30 cents per share.
April 19, 2021
IPO
Econ Healthcare IPO is around 4.1 times subscribed, trading to start on April 19
Net proceeds of $11.5 million will help fund its expansion in China and to upgrade existing centres and facilities
April 18, 2021
IPO
Nearly a decade on, Econ Healthcare plans to list on SGX again
The nursing home operator plans to grow with an asset-light strategy
March 25, 2021