Foundation Healthcare's Growth Supported by Rising Healthcare Utilization
Dow Jones
Yesterday
0531 GMT - Foundation Healthcare Holdings' long growth trajectory is supported by rising healthcare utilization and other tailwinds, Jefferies analysts say in a research report. This tailwind together with ambulatory care adoption and industry consolidation are quickening demand for lower-cost, coordinated care, the analysts say. The company is one of Singapore's largest private specialist platforms, and has a business model that combines specialist practices, medical centers and technology platform 'AVA' that produces benefits such as procurement efficiencies. The company's ambulatory facilities positions it to gain from migration of care out of hospitals. Jefferies initiates coverage of the stock with a buy rating and a target price of 1.10 Singapore dollars. Shares are 4.9% higher at S$0.75.
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