{"id":520311,"date":"2026-07-01T17:56:11","date_gmt":"2026-07-01T17:56:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/520311\/"},"modified":"2026-07-01T17:56:11","modified_gmt":"2026-07-01T17:56:11","slug":"temasek-backed-foundation-healthcare-seeks-to-raise-s242-million-in-mainboard-ipo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/520311\/","title":{"rendered":"Temasek-backed Foundation Healthcare seeks to raise S$242 million in mainboard IPO"},"content":{"rendered":"

[SINGAPORE] Private healthcare group Foundation Healthcare Holdings (FHH) on Wednesday (Jul 1) said it is seeking to raise S$242 million for its initial public offering (IPO) on the mainboard of the Singapore Exchange (SGX).<\/p>\n

Net proceeds from the offering will mainly fund investments in and acquisitions of specialist practices and medical centres in Singapore; investments to support expansion plans in new geographies; and general corporate and working capital purposes.<\/p>\n

The offering comprises nearly 162.6 million shares at S$0.76 apiece, said the healthcare company.<\/p>\n

This is split into an international offering of about 153.4 million shares, and 9.2 million shares for the Singapore public offer.<\/p>\n

Foundation Healthcare\u2019s market capitalisation upon the listing stands at around S$1 billion, based on the offering price.<\/p>\n

Cornerstone commitments from 10 investors totalled to about S$118 million, said the group.<\/p>\n

The Singapore public offer is expected to open at 9 pm on Wednesday, and close at 12 pm on Jul 6.<\/p>\n

Its trading debut is set for at 9 am on SGX\u2019s mainboard on Jul 8.<\/p>\n

OCBC and UBS Singapore are the joint issue managers for the offering.<\/p>\n

SEE ALSO<\/p>\n

\"Liaw<\/a><\/p>\n

Additionally, Jefferies Singapore, OCBC, UBS Singapore, DBS and UOB are the joint bookrunners and underwriters for the offering.<\/p>\n

Liaw Yit Ming, chief executive officer and executive director of Foundation Healthcare, said: \u201cWe believe Foundation Healthcare is well-positioned to benefit from long-term healthcare trends, including growing demand for specialist-led care, increasing demand for affordable private healthcare, and the shift towards outpatient healthcare delivery.\u201d<\/p>\n

The proposed listing will provide additional resources to pursue \u201cstrategic acquisitions\u201d, expand healthcare infrastructure and technology capabilities, and support their next phase of growth, he added.<\/p>\n

Private specialist healthcare space opportunities in Singapore<\/p>\n

The Temasek-backed group delivered a FY2025 revenue of S$265.9 million, up 32 per cent year on year on a pro forma basis.<\/p>\n

Adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at S$99.1 million for the same financial year, representing a growth of 33 per cent on the year, also on a pro forma basis.<\/p>\n

FHH held a 7.2 per cent share of Singapore\u2019s private specialist market by revenue in FY2025, and a 4.4 per cent share of Singapore\u2019s private medical specialists as at Dec 31, 2025.<\/p>\n

The company said that despite its scale, it believes opportunities remain within the Republic\u2019s \u201cfragmented private specialist healthcare market\u201d.<\/p>\n

Foundation Healthcare was founded in 2023, and backed by a S$150 million investment from the SeaTown Private Master Capital Fund<\/a>.<\/p>\n

SeaTown is an investment manager which is owned indirectly by Temasek Holdings<\/a>.<\/p>\n

As at Mar 31, its platform comprised 108 medical specialists across 16 specialities practising across 74 specialist clinics and four medical centres.<\/p>\n","protected":false},"excerpt":{"rendered":"[SINGAPORE] Private healthcare group Foundation Healthcare Holdings (FHH) on Wednesday (Jul 1) said it is seeking to raise…\n","protected":false},"author":2,"featured_media":520312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[163,521,85,23831,46],"class_list":["post-520311","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-healthcare","tag-il","tag-ipo","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/520311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=520311"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/520311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/520312"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=520311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=520311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=520311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}