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Singapore: NSG to acquire Dental Hub’s clinics for S$3.2 million

Singapore-listed investment holding company New Silkroutes Group (NSG) plans to take a 70% stake in The Dental Hub’s three clinics for S$3.2 million (US$2.4 million).

The move comes four months after it acquired six dental clinics and two dental supplies companies also in Singapore.

The three clinics to be acquired are located at Bedok North Street 4, PSA Building at Alexandra Road, and Yew Tee Point at Choa Chu Kang. Collectively, they generated about S$2.7 million in revenue and S$0.5 million in earnings in their last financial year. 

Completion is expected at the end of October.

"We are beginning to establish our healthcare services platform, which will eventually include medical specialist services and hospital management,” said Goh Jin Hian, NSG's group CEO.

NSG moved into healthcare in December last year with the acquisition of a 51% stake in Singapore-based Healthsciences International for S$2.2 million. HSI’s management team has experience in developing and managing hospitals and ancillary healthcare services. It also offers primary and preventive care through its three complementary integrative healthcare clinics, and runs employee healthcare benefits programmes in southeast Asia.
Posted on: 12/10/2017 UTC+08:00


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