Foundation Healthcare Well-Placed to Capture Shift to Lower-Cost Outpatient Care
Dow Jones
Aug 19
0722 GMT - Foundation Healthcare looks well-placed to capture the shift from inpatient care to lower-cost outpatient care, OCBC Group Research's Troy Cheng says in a research report. Its healthcare ecosystem, which comprises specialist practices, medical centers, and its proprietary 'AVA®' technology platform, addresses inefficiencies in private specialist care, the analyst says. Foundation Healthcare's ownership of four medical centers allows it to capture facility and diagnostic revenues while enhancing control over patients' recovery path. The company is one of Singapore's largest and fastest-growing multi-specialty specialist platforms. OCBC initiates coverage of the stock with a buy rating and a fair value estimate of 1.13 Singapore dollars. Shares are 1.3% lower at S$0.755.
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