Thomson Medical Group (TMG SP): Scouting for Expansion in South East Asia
341 Views11 Jun 2023 13:46
SUMMARY
- Thomson Medical Group Limited (TMG SP) has updated its future growth plan in Southeast Asia. The company is currently in preliminary confidential discussions to explore a potential transaction.
- Media reports suggest, Thomson Medical is eyeing a controlling stake in Vietnam-based leading multi-specialized tertiary care provider, FV Hospital for $300–400M.
- Thomson Medical has a strong balance sheet, with cash reserve of S$143M, against debt of S$626M. Last month, the company has issued S$120M 5.5% notes due 2028.
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Tina Banerjee
Global Healthcare Analyst
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