Here’s why Raffles Medical Group is heavily dependent on its overseas businesses

Local competition heats up as Singapore boosts public healthcare.

Raffles Medical Group (RMG) has to take its overseas expansion plans seriously if it were to prevent any ill effect a risky medical tourism sector has for its long term growth potential.

OCBC believes Raffles Medical Group cannot only depend on local patients and medical tourism as business stimuli. This is because improving standards and on-going transformation for Singapore’s public healthcare sector toughened competition for the private sector.

The group’s long term profitability will rest heavily on its overseas businesses.

“We understand that the clinics under International SOS (MC Holdings) and its subsidiaries (MCH) have been doing well in its countries, including Cambodia and Vietnam, OCBC said.

The group’s Shanghai hospital project is also slated to be ready in 2018. Execution remains a key factor to success in China, and RMG’s management strength gives some assurance to this project, OCBC added.

Also Read

Singaporeans' physical well-being at highest level since 2019

SingHealth partners with OutcomesAI to integrate AI into medical workflows

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit