Singapore: AHS to take over Cornerstone Asia Health

Travis Seet, chief financial officer, AHS

SGX-listed orthopaedic specialists Asian Healthcare Specialists (AHS) is to acquire a 51% stake in medical group Cornerstone Asia Health. AHS has said that it will be 13 times Cornerstone’s consolidated profit after tax for the financial year ended 30 June. This will be satisfied by S$5m (US$3.7m) in cash as well as shares in AHS…

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