Singapore Medical Group acquires Astra Women's Specialists

The deal is worth $60m.

SGX-listed Singapore Medical Group (SMG), a specialist healthcare services provider with 23 existing clinics in Singapore announced that it has entered into an agreement to acquire the Astra Women’s Specialist group of clinics.

The Astra Women’s Specialist group of clinics comprises of six obstetrics and gynaecology (“O&G”) clinics with a flagship clinic located at Mount Elizabeth Novena Specialist Centre.

Upon completion of the acquisition, SMG will have eight O&G doctors making it one of the largest specialist practitioners in the private sector dedicated towards women’s health and wellness.

The five doctors coming on board will serve six year service agreements as the Group expands its offering into areas such as general O&G, fetal-maternal medicine, urogynaecology and in-vitro fertilisation.