IPC to invest in medtech following failed AI bid

SINGAPORE (Nov 30): IPC Corporation has entered into a binding term sheet for a proposed investment in Global Health Byte (GHB).

Under the term sheet, either IPC or a wholly-owned subsidiary will subscribe for new shares in GHB amounting to 40% of the enlarged share capital of the company.

GHB is building a clinic management and electronic medical record systems which leverages on machine learning, artificial intelligence (AI), and data analytics tools. This is aimed at helping physicians, clinics and individuals make better decisions.

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