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Posts Tagged ‘thomson medical centre’

Thomson Medical Centre IVF processes tightened

Thomson Fertility Centre (TFC) has accepted the Ministry of Health’s findings and its IVF processes have been tightened to prevent reoccurrence, says Thomson Medical Centre.

New protocols have been put in place at TFC include the handling only one sperm specimen on the same laboratory bench or work area at one time, and disposing pipettes after every use; implementing an appointment system to manage the inflow of specimens; and enforcing counterchecks at all critical steps.

Early this month, MOH conducted a full investigation to identify the cause of a mix-up in an in-vitro fertilisation (IVF) treatment at the centre, resulting in the baby having a different DNA from the supposed father.

TFC was also suspended from conducting all new assisted reproduction (AR) activities at TFC. The centre was also ordered to stop admitting patients for any new AR procedures, including sperm collection and processing.

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Ministry of Health suspends Thomson Fertility Centre from new assisted reproduction treatments

The Ministry of Health has imposed an immediate suspension of all new assisted reproduction (AR) activities at the Thomson Fertility Centre (TFC) at Thomson Medical Centre. The Centre has been instructed to stop admitting patients for any new AR procedures, including sperm collection and processing. Existing patients who have commenced AR cycles with the Centre should be informed of the incident and be given a choice on whether to continue at the centre or transfer to another AR centre. MOH has asked TFC to facilitate the transfer should a patient wish to do so and to give its full support and fulfill its duty of care to the patient.

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Singapore healthcare sector attractive -OCBC

Another takeover bid in Singapore’s healthcare sector highlights its attractiveness, says OCBC analyst Andy Wong; says after Parkway Holdings (P27.SG) announced proposal to be delisted after acquisition by Khazanah, “Thomson Medical Centre (5FV.SG) could follow suit after prominent investor Peter Lim’s general offer to acquire its shares at $1.75 a piece;” says shareholders will likely accept offer as values TMC at 33.5X P/E vs 15X historical average. 

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Thomson Medical up 63% on takeover offer

Shares of Singapore’s healthcare provider Thomson Medical Centre (THOM.SI) surged as much as 63% to an all-time high after billionaire investor Peter Lim made a takeover offer for the firm.

At 0122 GMT, shares of Thomson Medical were traded at $1.74 with over 115 million shares changing hands.

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Singapore billionaire offers $513m for Thomson Medical

Singaporean billionaire Peter Lim on Friday offered to buy Thomson Medical Centre (THOM.SI) for $513 million, hoping to tap into Asia’s growing healthcare demand.

Lim made the offer after his investment firm agreed to buy a 39.34% stake in the company from Thomson’s largest shareholder and founder Dr Cheng Wei Chen and his family, a statement said.


Lim’s investment firm struck the deal at $1.75 a share with the healthcare firm’s key shareholder, a price that will also be extended to the company’s remaining shareholders. The offer represents a 62% premium over Thomson’s last traded price.

The offer for Thomson Medical comes three months after Malaysian state investor Khazanah bought Parkway Holdings (PARM.SI) — Asia’s biggest listed hospital operator — in a $3.4 billion deal.

Thomson Medical is a healthcare service provider in Singapore for obstetrics, gynaecology and paediatric services.

Lim recently gained fame when he made a 320 million pound ($659 million) offer to buy Liverpool Football Club. He later
withdrew the offer following a court ruling that gave Liverpool board the right to proceed with a 300 million pound sale of the club to New England Sports Ventures, who also own the Boston Red Sox baseball team.

Lim, ranked by Forbes magazine as Singapore’s eighth-richest man, made his fortune as a stock broker and became a private investor in 1996. His key holdings include stakes in Wilmar International (WLIL.SI), the world’s largest palm oil firm, and fashion retailer FJ Benjamin (FJBN.SI).

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Private investor Peter Lim makes general offer for Thomson Medical Centre

Sasteria, an investment holding company controlled by private investor Peter Lim, today said it is making a mandatory conditional cash offer for Mainboard-listed Thomson Medical Centre.

The mandatory conditional offer is triggered by a married deal between Sasteria and the largest shareholder and founder of Thomson Medical, Dr Cheng Wei Chen and his family. Under the deal, the latter sold their 39.34% stake in Thomson Medical to the former at the offer price of S$1.75 a share.

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Thomson Medical full-year net profit surged by 27.8% to $16.3m

Mainboard-listed Thomson Medical Centre, one of the leading private healthcare providers for women and children, posted a 27.8% surge in net profit after tax (NPAT) to $16.3 million for the financial year ended 31 August 2010 (FY2010) on the back of a 21.2% growth in revenue to $81.7 million.

Revenue from Hospital Operations and Ancillary Services segment increased 11.2% from $51.9 million in FY2009 to $57.7 million in FY2010, representing 70.6% of the group’s total revenue.

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Thomson Medical cut to Neutral by DMG, ups target

DMG downgrades Thomson Medical Centre (5FV.SG) to Neutral from Buy after 38% rally in last 2 months, with shares now trading at 19x FY10 P/E, according to Dow Jones.

“Given that Thomson Medical is a niche obstetrics and gynaecology provider, and that growth is somewhat limited by capacity, we hold the opinion that it should trade at a discount to regional peers’ average” of 21x forward P/E, says DMG.

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Thomson Medical started at Outperform by StanChart

Standard Chartered starts Thomson Medical Centre (5FV.SG) at Outperform with $1.10 target price, based on 19x 2011 P/E, says Dow Jones.

Stanchart cites healthcare group’s leadership in Singapore’s obstetrics and gynaecology field, “a specialty where Singaporeans are most willing to spend money.”

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Thomson Medical +4.2%; Niche ops stand out, says DMG

Thomson Medical Centre (5FV.SG) +4.2% at almost three-year high of $0.75 on above-average volume as investors drawn to healthcare group’s steady, defensive earnings profile amid recent broad market volatility, according to Dow Jones.

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Thomson Medical Centre posts 43.5% growth in net profit to $5m for 3Q

Thomson Medical Centre, the private healthcare provider for women and children, has posted a 43.5% growth in net profit after tax to $4.9 million for the three months ended 31 May 2010 (Q3 FY2010).

Thomson Medical says the growth was contributed by stronger performance from both of its core business segments, Hospital Operations and Ancillary Services and Specialised and Other Services.

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Thomson Medical posts 22% growth in net profit after tax to $7.2m in 1H FY2010

Thomson Medical Centre, the private healthcare provider for women and children, says it posted a 22% y-o-y rise in net profit after tax to $7.2 million for the six months ending Feb 28 2010.

The improved performance was led by higher contribution from both its core business segments of Hospital Operations and Ancillary Services and Specialised and Other Services.

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Thomson Medical posts 25.1% jump in net profit in 1Q net to $3.55m

Thomson Medical Centre, a healthcare provider for women and children, says it posted a 25.1% jump in net profit to $3.55 million and a 14.6% increase in revenue to $18.79 million for the Q1FY2010 over Q1FY2009.

Thomson says the improvement was driven by increases in inpatient admissions, deliveries and ancillary services.

Revenue from the group’s hospital operations and ancillary services rose 10.9% to $14.24 million while revenue from specialised and other services surged 28.2% to $4.55 million.

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Thomson Medical Centre posts 30% jump in net to $3.4m for 4Q

Mainboard-listed Thomson Medical Centre, a niche healthcare provider for women and children, today announced a 30% y-o-y jump in net profit to $3.4 million for the fourth quarter ended Aug 31, 2009 (Q4 FY2009), on the back of a 19.7% increase in revenue to $18 million.