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24-05-2019, 09:59 PM
Alliance Healthcare launches IPO at 20 cents per share to raise $4.5 mil
By: Stanislaus Jude Chan
24/05/19, 05:58 pm
SINGAPORE (May 24): Healthcare solutions provider Alliance Healthcare Group has lodged its offer document to list on the Catalist board of the Singapore Exchange (SGX).
The initial public offering (IPO) will see Alliance Healthcare putting up a total of 32 million invitation shares at 20 cents each.
31 million shares will be offered by way of placement, while the remaining 1 million shares will be open to public.
Upon completion of the IPO, the company’s market capitalisation will be approximately $41.6 million.
The group is expecting to raised estimated net proceeds of $4.5 million from the IPO.
The net proceeds from the IPO will be used for the expansion of its network of clinics and medical facilities, acquisitions, joint ventures and strategic alliances. It will also be used for investment in technology systems and expansion of its pharmaceutical services business.
The group provides a broad suite of healthcare services in Singapore through four key business segments: managed healthcare solutions, GP clinic services, specialist care services and pharmaceutical services.
Under its managed healthcare solutions business, the group has arrangements with eight insurers and serve over 2,000 corporations through its network of self-owned clinics and panel of medical services providers within the Alliance Healthcare Network.
The group also owns and operates 17 GP clinics as well as five specialist clinics.
In addition, the group also undertakes the wholesale distribution of pharmaceutical products to hospitals, pharmacies and clinics in Singapore and other overseas markets.
In the FY18 ended June 2018, Alliance Healthcare raked in revenue of $33.8 million, some 14.9% higher than a year ago.
FY18 earnings more than doubled to $3.1 million, from $1.3 million in FY17.
Alliance Healthcare does not have a fixed dividend policy, but says it intends to recommend and distribute dividends of at least 30% of its net profits after tax (excluding exceptional items) for FY20 and for FY21.
More details in https://www.theedgesingapore.com/allianc...ise-45-mil
By: Stanislaus Jude Chan
24/05/19, 05:58 pm
SINGAPORE (May 24): Healthcare solutions provider Alliance Healthcare Group has lodged its offer document to list on the Catalist board of the Singapore Exchange (SGX).
The initial public offering (IPO) will see Alliance Healthcare putting up a total of 32 million invitation shares at 20 cents each.
31 million shares will be offered by way of placement, while the remaining 1 million shares will be open to public.
Upon completion of the IPO, the company’s market capitalisation will be approximately $41.6 million.
The group is expecting to raised estimated net proceeds of $4.5 million from the IPO.
The net proceeds from the IPO will be used for the expansion of its network of clinics and medical facilities, acquisitions, joint ventures and strategic alliances. It will also be used for investment in technology systems and expansion of its pharmaceutical services business.
The group provides a broad suite of healthcare services in Singapore through four key business segments: managed healthcare solutions, GP clinic services, specialist care services and pharmaceutical services.
Under its managed healthcare solutions business, the group has arrangements with eight insurers and serve over 2,000 corporations through its network of self-owned clinics and panel of medical services providers within the Alliance Healthcare Network.
The group also owns and operates 17 GP clinics as well as five specialist clinics.
In addition, the group also undertakes the wholesale distribution of pharmaceutical products to hospitals, pharmacies and clinics in Singapore and other overseas markets.
In the FY18 ended June 2018, Alliance Healthcare raked in revenue of $33.8 million, some 14.9% higher than a year ago.
FY18 earnings more than doubled to $3.1 million, from $1.3 million in FY17.
Alliance Healthcare does not have a fixed dividend policy, but says it intends to recommend and distribute dividends of at least 30% of its net profits after tax (excluding exceptional items) for FY20 and for FY21.
More details in https://www.theedgesingapore.com/allianc...ise-45-mil
Specuvestor: Asset - Business - Structure.