<article>Singapore-listed <a href="http://pachealthholdings.com/">Pacific Healthcare Holding</a>s will sell its wholly owned Pacific Cancer Centre to Royal Medical &amp; Imaging for S$5 million</article>

Singapore-listed <a href="http://pachealthholdings.com/">Pacific Healthcare Holding</a>s will sell its wholly owned Pacific Cancer Centre to Royal Medical &amp; Imaging for S$5 million
Singapore-listed Pacific Healthcare Holdings will sell its wholly owned Pacific Cancer Centre to Royal Medical &amp; Imaging for $5 million.
“The proposed disposal is a good opportunity for the company to dispose of an underperforming asset for valuable consideration and is part of the company&#8217;s continuous effort to strengthen its balance sheet. The proceeds would provide an injection of working capital for ongoing operational expenses,” Pacific Healthcare said in a <a href="http://pachealthholdings.com/wp-content/uploads/SGX-Ann-PCCPL-Share-Disposal-02-Jan-2015.pdf">regulatory filing</a>.
“Pacific Cancer Centre is loss-making and affects the profits of the Group as a result. The Proposed Disposal will mean that the Group will have a stronger balance sheet and profit and loss statement going forward,” the company said in the regulatory filing.
The company said it stands to make a gain of S$3.8 million from the deal which helps strengthen its balance sheet.
million.
“The proposed disposal is a good opportunity for the company to dispose of an underperforming asset for valuable consideration and is part of the company&#8217;s continuous effort to strengthen its balance sheet. The proceeds would provide an injection of working capital for ongoing operational expenses,” Pacific Healthcare said in a <a href="http://pachealthholdings.com/wp-content/uploads/SGX-Ann-PCCPL-Share-Disposal-02-Jan-2015.pdf">regulatory filing</a>.
“Pacific Cancer Centre is loss-making and affects the profits of the Group as a result. The Proposed Disposal will mean that the Group will have a stronger balance sheet and profit and loss statement going forward,” the company&#8217;s regulatory filing added.
The company said it stands to make a gain of S$3.8 million from the deal which helps strengthen its balance sheet.

Pacific Healthcare sells cancer centre for S$5m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Pacific Healthcare sells cancer centre for S$5m

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief