HC Surgical Specialists Proposes to Acquire 51% Stake in Chirurgia for S$1.228 Million

NewTimeSpace News: On April 6, 2026, HC Surgical Specialists announced that it has entered into a sale and purchase agreement with Dr. Lee to acquire a 51% stake in the issued and paid-up share capital of Chirurgia for a cash consideration of S$1.228 million. The acquisition will be funded from the Group's internal cash resources.

The announcement stated that Chirurgia was incorporated on July 31, 2022, and its principal activities include the provision of minimally invasive surgery and treatment of gallbladder diseases. It operates a clinic called "LS Lee Surgery" at Mount Elizabeth Novena Hospital in Singapore.

Pursuant to the agreement, Dr. Lee will continue to manage Chirurgia following the completion of the acquisition and will enter into a ten-year service agreement with HC Surgical Specialists. HC Surgical Specialists stated that the proposed acquisition is intended to broaden the Group's spectrum of medical services and strengthen its presence in Singapore.

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