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  • STI Straits Times Index
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Nasdaq 10,963.6 +184.8
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News - Detailed News Story

Singapore-listed healthcare firms stay pat on long-term plans amid pandemic pains

26 May 2020 09:00

By Anita Gabriel

anitag@sph.com.sg

AS Singapore's hardy healthcare firms are beset by evaporating medical tourism and waning patient volumes amid border closures and the circuit breaker, most are banking on a diversified portfolio and virtual services to tide them over.

Singapore Medical Group (SMG), for one, is feeling the pinch across segments from oncology to cardiology and diagnostic imaging. Foreign patients from Asean account for 20-30 per cent of its revenues.

"Needless to say, since we closed our borders to regional patients, it has had an effect on our business. They affect different specialities and clinics differently," said SMG chief executive Beng Teck Liang.


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Source: Business Times
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