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SPH: Enters Healthcare Sector With Acquisition Of Orange Valley Healthcare For S$164 Million.

25 Apr 2017 17:27

Singapore Press Holdings Limited announced its entry into the healthcare sector with the acquisition of Orange Valley Healthcare Pte Ltd at a consideration of approximately S$164m. OV was established in 1993. SPH purchased the shares and intellectual property of OV from KV Asia Capital Pte Ltd, which acquired OV in April 2014. OV, through several subsidiaries, operates a number of nursing homes and ancillary services like providing meal and catering services, offering physiotherapy and rehabilitation services, and supplying medical, nursing and healthcare equipment and consumables...

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Source: ShareInvestor Express