Fullerton Healthcare acquires 60% stake in Intellicare Group

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SINGAPORE (Dec 11): Fullerton Healthcare Corporation, which shelved its Singapore IPO last year, has entered into agreements to acquire a 60% stake in the Intellicare Group, one of the leading managed care providers in the Philippines.

The joint press release did not disclose how much Fullerton Healthcare will pay for the stake.

Founded in 1995, the Intellicare Group comprises three companies: Asalus, a health maintenance organisation (HMO) engaged in the delivery of managed healthcare services via comprehensive, systematic and prevention-oriented health maintenance programmes; Avega, a provider of third party administration services to corporates as well as small and medium enterprises; and Aventus, a chain of nine outpatient multi-speciality clinics... (Click here to read the full story.)