About OUE Healthcare Limited
Listed on the Catalist Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”), OUE Healthcare Limited (“OUEH” or the “Company”, and together with its subsidiaries, the “Group”) is a regional healthcare group with an extensive network of healthcare businesses across fast-growing markets in Asia. Headquartered in Singapore, OUEH currently owns, operates and invests in healthcare businesses in Singapore, China, Myanmar, Indonesia and Japan. OUEH is a subsidiary company of OUE Limited (“OUE”).
In Singapore, OUEH has, through its joint venture company with OUE (“OUE JV”), partnered with three medical specialist groups to own O2 Healthcare Group, a group of lung specialists in respiratory care and cardiothoracic surgeries. This medical partnership enables OUEH to build on and expand its regional healthcare business ecosystem anchored on high medical standards in Singapore. OUEH holds a 60% stake in OUE JV, which in turn holds 60% of O2 Healthcare Group.
OUEH also owns approximately 26% of Healthway Medical Corporation Limited, a respected medical group in Singapore with over 130 clinics.
In China, OUEH operates a general hospital, Wuxi Lippo Xi Nan Hospital (“Xi Nan Hospital”), in Wuxi, Jiangsu, as well as a pharmaceutical trading business. The Company’s 50:50 joint venture company, China Merchants Lippo Hospital Management Limited (“CM Lippo”), operates Changshu China Merchants-Lippo Obstetrics & Gynaecology Hospital (“Changshu Hospital”), in Changshu, Jiangsu after it was commissioned in May 2023. CM Lippo will be commissioning its second and flagship hospital, Shenzhen China Merchants – Lippo Prince Bay Hospital (“Prince Bay Hospital”) in Shekou, Shenzhen in 2024.
In Myanmar, OUEH holds a 40% stake in the joint venture companies that own and operate medical facilities in Myanmar that are branded as Pun Hlaing Hospitals.
OUEH is also the sponsor and the largest unitholder of First Real Estate Investment Trust (“First REIT”), Singapore’s first listed healthcare real estate investment trust, where it directly owns approximately 33% of First REIT, as well as a 40% stake in the manager of First REIT.
OUEH continually seeks to grow its healthcare businesses via its three-pronged strategy in developing strategic partnerships, adopting an asset-light approach and growing its presence in Asia.
OUE, listed on the Mainboard of the SGX-ST, is a diversified real estate owner, developer and operator with a portfolio located in prime locations in Asia. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail, and residential sectors. In 2017, OUE expanded its portfolio into the healthcare sector with the acquisition of OUEH, and this was followed by the acquisition of First REIT Management Limited, the manager of First REIT jointly with OUEH in 2018. In 2019, OUE expanded into the consumer sector with OUE Restaurants.
In February 2018, ITOCHU Corporation (“ITOCHU”) took a strategic stake in OUEH with the completion of a placement of 562,500,000 new ordinary shares. ITOCHU is listed on the Tokyo Stock Exchange and is amongst the largest and most diversified trading companies in the world with presence in 63 countries.