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CNPLaw LLP acted for the sellers in the sale of the Astra Women’s Specialists group of clinics to Singapore Medical Group Limited for a sum of S$60 million

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Date Published: 13 February 2017

The Team Advising On The Transaction: Ken Chia and Joshua Khng.

CNPLaw LLP (“CNP”), formerly known as Colin Ng & Partners LLP, successfully acted for 5 obstetrics and gynaecology (“O&G“) specialist doctors in the sale of their Astra Women’s Specialists group of clinics to SGX-listed Singapore Medical Group Limited (“SMG“), a specialist healthcare services provider with 23 existing clinics in Singapore, for a total consideration of S$60 million. The consideration will be paid via S$33 million in cash and the issuance of new shares in SMG worth an aggregate of S$27 million at an issue price of S$0.33288 per share.

The Astra Women’s Specialists group of clinics comprises of six O&G clinics with a flagship clinic located at Mount Elizabeth Novena Specialist Centre. Due to this acquisition, SMG now provides O&G services through eight O&G doctors, making it one of the largest specialist practitioners and service providers in the private sector dedicated towards women’s health and wellness.

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This article is provided to you for general information and should not be relied upon as legal advice. The editor and the contributing authors do not guarantee the accuracy of the contents and expressly disclaim any and all liability to any person in respect of the consequences of anything done or permitted to be done or omitted to be done wholly or partly in reliance upon the whole or any part of the contents.

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