Tuesday, February 28, 2012

Raffles Med expands in Singapore, eyes Shanghai profit

Raffles Medical Group, Singapore's largest listed healthcare provider, may see a 50% rise in revenues from the expansion of its flagship hospital and a new medical centre in the city-state by 2014, its chairman told Reuters on Tuesday.

 

Executive Chairman Loo Choon Yong also said he expects the company's loss-making medical centre in Shanghai, which opened in 2010, to turn profitable next year as costs stabilise and more patients come.

 

 

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