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Singapore’s RadLink-Asia to be sold to Fullerton Healthcare for $84 million

( May 6, 2015, 06:28 GMT | Insight) -- Fortis Healthcare has inked a deal to sell its Singapore-based healthcare services unit RadLink-Asia Pte. Ltd. and its subsidiaries to Fullerton Healthcare Group for S$111 million (approximately $83.5 million), according to VC Circle. This marks a signific...Fortis Healthcare has inked a deal to sell its Singapore-based healthcare services unit RadLink-Asia Pte. Ltd. and its subsidiaries to Fullerton Healthcare Group for S$111 million (approximately $83.5 million), according to VC Circle. This marks a significant climb-down in valuation from last September, when Fortis announced a deal to sell RadLink to Malaysian firm IHH Healthcare for S$137 million ($108.6 million) – a deal blocked by the Competition Commission of Singapore, or CCS, over competition concerns. IHH, the largest healthcare service firm in Asia, also runs a large establishment in Singapore under Parkway. The deal is expected to be completed by May 12....

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