SINGAPORE: Medinex Limited has announced completion of the proposed acquisition of 55 percent of the total issued share capital in Sen Med Holdings Pte. Ltd against a purchase consideration of Singapore $1.732 million, and Sen Med is now a subsidiary of the company.
The acquisition is in line with the Medinex Group’s plan for growth, and will enhance value for its shareholders.
With the services that Sen Med is providing, the Medinex Group will be able to expand its range of medical support services offerings to include, inter alia, x-rays, pre-employment check-ups and health screenings. [the_ad id=”32940″]With the integrated support from Sen Med, the Medinex can provide a comprehensive platform to improve the services to our existing clients and also to attract new clients for future engagement of our services. The company’s business model will be enhanced with the acquisition of Sen Med.
Sen Med is a provider of comprehensive healthcare management services at a general practice level, and will be able to contribute directly to the core business of the Group by increasing the revenue stream of our pharmaceutical services business segment.
It will complement secondary healthcare platform by referral of their patients to the specialist doctors whom the Group is servicing, which will in turn, enhance the medical support services provided to the panel of specialist doctors.
The Group intends to expand its business support services to clients in the construction or employment agencies industries, who will require pre-employment check-up and medial review for their foreign workers. Sen Med will be able to meet these clients’ requirements.