SG Dealbook: Cordlife acquires HealthBaby HK; HC Surgical picks majority in HMC Medical

SG Dealbook: Cordlife acquires HealthBaby HK; HC Surgical picks majority in HMC Medical

Singapore city view. Photo: Bloomberg

Cordlife Group has acquired HealthBaby Hong Kong while HC Surgical has picked up a majority stake in HMC Medical.

Cordlife Group acquires HealthBaby Hong Kong

SGX-listed Cordlife Group is fully acquiring a private cord blood bank, HealthBaby Hong Kong, for $7 million in cash (S$9.3 million). Cordlife Group will assume debt to the tune of $2.5 million in the cord blood banking firm.

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