Singapore

Healthcare

Longer life expectancies, together with ageing populations in Singapore and major cities across Asia, provide healthcare and pharmaceutical companies with a driving force for growth and expansion. The current pursuit of healthier lifestyles is also fuelling an increased appetite for healthcare products and services, creating new streams of revenue for healthcare and pharmaceutical businesses.

However, the rapid development and evolution of the industry also mean that new challenges present themselves under the least expected circumstances.

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M&A in Healthcare & Life Sciences – What You Need to Know

Against the backdrop of an ageing population, M&A deal value in the healthcare sector grew by 31% to a record high of USD435 billion in 2018. This easily surpasses the GDP of Singapore, and reflects the rising influence of the healthcare sector in our world economy.

Consolidation of private clinics in the healthcare industry

Consolidation is observed in several industries ranging from financial institutions to retailers, and has been gaining a similar momentum in the healthcare industry. While consolidation in the healthcare industry may not be a new phenomenon, we continue to observe standalone clinics merging and acquiring to form a bigger group.

Healthcare giant consolidates financial data with ease

A leading healthcare service provider faced a huge challenge of consolidating voluminous financial data from all its clinics across Singapore every month. Working under pressure to meet financial reporting deadlines, its finance team spent many man-hours manually extracting data from every clinic’s database, tabulating it in Excel format and translating it into consolidated reports. As its existing service provider, RSM’s IT services team was approached by the client to find a solution that would overcome this time-consuming process.

Wearable tech: good for employee healthcare and good for business

Devices increase engagement and help lower coverage spending

Trends in healthcare M&A

Implementing the right strategic approach to achieve capital growth

Sustainability is key to Healthcare 2020’s success

The Ministry of Health (MOH) unveiled the Healthcare 2020 Masterplan in March 2017 spelling out the strategic objectives of enhancing the accessibility, affordability and quality of healthcare services in the country.