Skip to main content

Fortis Healthcare to acquire 23.9% of Parkway Holdings

Fortis Healthcare, India’s fastest-growing healthcare company, it would buy 23.9% of Singapore’s Parkway Holdings in healthcare service provider Parkway Holdings from TPG Capital (formerly Texas Pacific Group). Parkway has a network of 16 hospitals having 3,400 beds spread over six countries, including India. The deal size is estimated to be about US$685.3 million ($959.4 million). This deal will give the Indian hospital chain a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia.

Separately, Macquarie has raised Parkway Holdings target price to $3.45 from $3.19 on back of earnings forecasts upgrades. Macquarie believes Parkway remains the best proxy to Asian healthcare and Singapore’s medical tourism drive. It also tips imminent launch of medical suites at new Novena hospital as share price catalyst. Today, Parkway Holdings announced a soft launch for the phase 1 of the sale of Novena medical suites.

Look at the climb and the increase in trade volume for the past one week!

Comments

Popular Posts

How to stop FortiClient from starting automatically?

Installed FortiClient recently but the challenge in disabling the application/service from running automatically on every start-up annoyed me. Attempt to stop 'FortiClient Service Scheduler' only return 'Parameter is incorrect' error message.

An article on Technet help solve my trouble. To stop FortiClient from starting automatically, try the following:
Shut down FortiClient from the system tray.
Run net stop fortishield on command prompt.
Run msconfig.
On msconfig, switch to the Services tab. Clear the FortiClient Service Scheduler check box and click Apply.Run services.msc on command prompt to open up show all available services.Look for FortiClient Service Scheduler. Switch Startup type to Manual.Restart your computer. FortiClient should not be running automatically the next time round. Hope it helps.

Ho Ching named 5th most powerful and is mistaken as first lady by Forbes

Forbes named Singapore Prime Minister wife and CEO of Temasek Holdings, Ho Ching, as the 5th most powerful woman in the world. Ho Ching is mistaken as Singapore's first lady! OMG!

I wonder how can Forbes makes such a blunder. For a complete list, refer to here.

Google Suggestion "where is" - Najib, Rosmah - Malaysia GE17

The 14th Malaysian general election held on 9 May 2018 had concluded with the incumbent Barison Nasional (BN) voted out and Najib losing his Prime Minister position. Taking over the government is the opposition party with Dr Tun Mahathir Mohamad, a former Prime Minister of Malaysia, being sworn in as the 7th Prime Minister. Dr Mahathir is now 92 years old.

So where exactly is Najib and his wife Rosmah? Even Google is showing the below when I type "where is". I bet many people are now searching for this.