29 Aug '13, 5am

Rising demand for healthcare has made Singapore a medical hub

Rising demand for healthcare has made Singapore a medical hub

Since cashing out of Wilmar for $1.5 billion in 2010, one hot sector that Peter Lim has been putting big money on is health care. In 2010 the savvy investor snatched Thomson Medical Centre, taking it private for around $400 million. He also picked up a one-third stake in Malaysia’s hospital operator TMC Life Sciences, in what was a precursor to a more ambitious Malaysian play. Lim’s new megaproject is Vantage Bay, a $3 billion gated city spread across 27 acres in Malaysia’s Johor Bahru region that will include, among much else, a medical complex with a hospital that Thomson will manage. Lim, who has partnered with the Johor royal family and holds a 70% stake in the venture, is capitalizing on Singapore’s surging demand for health care services by creating a cheaper alternative next door. The boom has sent health care stocks soaring. Malaysian-listed IHH Healthcare that bou...

Full article: http://www.forbes.com/sites/naazneenkarmali/2013/08/28/we...

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