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News - Detailed News Story

Nuffield Dental eyes growth with IPO plan

04 Jun 2019 09:00

Dr Kumar says the funds from the IPO will go towards working capital as well as business expansion, including opening new clinics, improving existing facilities and buying new technology. BT PHOTO: YEN MENG JIIN

By LEE MEIXIAN

SINGAPORE dental clinic chain Nuffield Dental has recently raised its public profile by taking part in corporate rankings, and raised convertible financing from a group of investors that included two Catalist-listed companies.

As it turns out, those were merely steps leading to bigger goals - an initial public offering (IPO), and the fulfilment of a long-held dream.

"One of the reasons we want to raise funds from an IPO is because we want to open up a world-class private dental hospital in Singapore," Nuffield founder and chief executive Samintharaj Kumar told The Business Times.

"That's been one of my aspirations and dreams since dental school. I'm talking about a purpose-built building housing specialists and general practitioners where patients don't have to wait for an inordinate amount of time to be seen and can have greater access to these complex treatments at a reasonable price."


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Source: Business Times
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