Boustead acquires Asia-focused healthcare business for S$19 mil

-A +A

SINGAPORE (May 24): Boustead Singapore announced that it is acquiring 100% of the shareholding of WhiteRock Incorporation (WRI), which comprises a group of 16 healthcare corporations operating in Singapore, China, Hong Kong, Malaysia and Thailand for S$19 million.

WRI is an equipment and services provider for rehabilitative care, sleep care and sports science. Its primary focus is in addressing the needs of healthcare institutions caused by rising ageing populations, which require a significant increase in long-term healthcare infrastructure and skilled healthcare manpower.

Another area of focus of WRI is in the area of addressing mobility deficits of the elderly through transformative mobility equipment such as...(click on link for full story on