SeaTown Private Capital Master Fund, the private equity fund managed by SeaTown Holdings International Pte. Ltd. (“SeaTown”), is pleased to announce its investment into Foundation Healthcare Holdings Pte Ltd (“FHH”).
FHH is a ground-up, purpose-built healthcare group starting first in Singapore and will form the nucleus for a new regional private healthcare platform. The vision of this technology-enabled healthcare group is to deliver value-based healthcare by making private healthcare accessible, affordable, and accountable.
With more than 50 specialists spanning 13 medical specialty and an estimated pro-forma revenue of over S$130m, FHH is already one of the largest private healthcare groups in Singapore. FHH will continue to pursue its “buy-and-build” strategy to expand its network, geographical footprint as well as extend into other synergistic ancillary healthcare services. FHH will also leverage technology from Smarter Health Pte Ltd (“SH”), to develop a data-driven technology platform designed to improve coordination between key stakeholders, especially insurers and other third-party payors. This will vastly enhance the patient experience and reduce waste.
The FHH management team will be helmed by Mr Liaw Yit Ming and Dr Lee Hong Huei, former senior executives in IHH Healthcare (SGX: Q0F) and veterans in the healthcare industry.
“I believe we have taken an important first step in establishing a new foundation for private healthcare. There are endless opportunities if stakeholders work together to focus on delivering value for patients. Our vision is to leverage this platform to build a sustainable private healthcare system that is accessible, affordable, and accountable. I am personally humbled and extremely grateful that our simple vision has received not just the trust and support of SeaTown but more importantly, our founding group of doctors!” said Liaw Yit Ming, CEO, FHH.
“FHH’s vision to make healthcare accessible, affordable and accountable resonates strongly with us. We are very pleased to be able to partner with such an exceptional founding team and group of dedicated specialist doctors to achieve this goal. The good traction we have had and the continued interest in FHH is testament that this vision is shared by many practitioners in the industry. We look forward to partnering with them to drive innovation and improve healthcare outcomes for patients in Singapore and beyond” said Dickson Loo, Managing Director, SeaTown.
About Foundation Healthcare Holdings Pte. Ltd. (“FHH”)
FHH is a ground-up, purpose-built, technology-enabled healthcare platform headquartered in Singapore with its sights set on the region. The vision is to design, build and operate a healthcare platform focused on creating value for patients by collaborating with all stakeholders in the healthcare ecosystem.
About Smarter Health Pte Ltd (“SH”)
SH provides a trusted infrastructure for data exchange between key stakeholders of the healthcare ecosystem. Our “Simplify, Standardise and Systemise” approach supports the delivery and payment for healthcare services in an efficient and effective manner. The SH team consists of experienced senior executives from established healthcare and insurance institutions in Asia who believe that healthcare should be accessible, affordable and accountable.
About SeaTown Holdings International Pte. Ltd. (“SeaTown”)
SeaTown is a Singapore-based investment manager focused on alternative, absolute return strategies. SeaTown manages multi-asset and public equity strategies through open-end funds as well as private investments strategies in closed-end funds. SeaTown also offers investment solutions calibrated to clients’ unique investment needs and objectives. SeaTown is a wholly owned subsidiary of Seviora Holdings Pte. Ltd. and indirectly owned by Temasek Holdings (Private) Limited.
