Fullerton Health Group

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Fullerton Health is an integrated enterprise healthcare service provider founded in 2011 in Singapore. [1] The company specializes in designing customized medical services for corporate and insurer clients. [2] Fullerton Health began with an initial investment in corporate healthcare providers Gethin-Jones and Drs Trythall Hoy Davies. [1] Over the years, they grew through both organic growth and investments and mergers and acquisitions. [3]

Contents

Fullerton Health made 3 major acquisitions in 2015 which helped grow its presence in both existing and new markets. In May, their subsidiary, Global Assistance & Healthcare (GAH) acquired PT JLT GESA, more commonly known as Medilum, that provides managed healthcare and third-party administration services. [4] Later in August, they bought an 80 percent stake in Hong Kong medical provider, HMMP Limited (HMMP), for SGD$33 million. [5] Above all, the purchase of Radlink-Asia in Singapore for SGD$111.2 million [5] marked its entry into the advanced medical diagnostic imaging market and allowed it to cut costs through the digitisation of processes. [6]

As of June 30, 2016, Fullerton Health owns 198 clinics and facilities across Singapore, Hong Kong, Indonesia, and Malaysia, [7] has close to 2,000 employees [8] and sees an annual revenue of more than S$300 million. [9]

History

Founding

Founded in 2010. [1]

Expansion and Regional Footprint

From 2011 to 2016, the Singapore-based healthcare provider has expanded its presence to Malaysia, Indonesia, and Hong Kong [1] and now operates with a staff of close to 400 medical professionals and over 1,000 support staff [10] and a network of over 8,000 associate hospitals and clinics. [1]

As of 2016, Fullerton Health receives an average of 4 million patient visits per annum and has served approximately 10 million people with its medical services, [11] working with approximately 25,000 companies across Asia-Pacific to provide employers and employees with access to affordable healthcare services. [12] Its corporate clientele include Marina Bay Sands, Standard Chartered Bank, Singapore Airlines and other multinational corporation employees, as well as SME employees. [9]

Corporate Affairs

Financial Performance

In 2014, Fullerton Health experienced more than double revenue growth to S$163.8 million followed by a 46.9% growth in 2015 to S$240.6 million. [13]

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References

  1. 1 2 3 4 5 Huang, Claire. "Fullerton Health to raise S$300m in proposed SGX listing". The Business Times. Retrieved 2017-01-09.
  2. ↑ "Fullerton Health Prospectus". Monetary Authority of Singapore: 16.
  3. ↑ "Fullerton Health Prospectus". Monetary Authority of Singapore: 17.
  4. ↑ Haoxiang, Cai. "Fullerton Health unit buys Indonesian managed healthcare firm Medilum". The Business Times. Retrieved 2017-01-09.
  5. 1 2 Lee, Marissa (2016-10-14). "Fullerton Health IPO faces delay after complaints". The Straits Times. Retrieved 2017-01-09.
  6. ↑ "How Fullerton Healthcare is adopting technology". CNBC. Retrieved 2017-01-09.
  7. ↑ "Fullerton Health Prospectus". Monetary Authority of Singapore: 192.
  8. ↑ "Fullerton Health Prospectus". Monetary Authority of Singapore: 201.
  9. 1 2 "富乐医疗创始人陈锦松 要当现实版"大大长今"". 联合早报网. 2016-01-31. Retrieved 2017-01-09.
  10. ↑ "Fullerton Health Prospectus". Monetary Authority Singapore: 200.
  11. ↑ "Fullerton Health Prospectus". Monetary Authority of Singapore: 172.
  12. ↑ "Fullerton Health Prospectus". Monetary Authority of Singapore: 171.
  13. ↑ "Fullerton Health Prospectus". Monetary Authority Singapore: 37.
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