Raffles Medical

Raffles Medical: RafflesHospital’s will be erecting a new 20-storey extension building, which is to be built at a cost of $310m, will yield a GFA of 530,000 sf, almost doubling the size of current facilities. The building is estimated to take 2 years to complete. Separately, the company has entered into a 2-year collaboration with the Ministry of Health, where RafflesHospital’s Emergency Dept will receive patients transported to it by Singapore Civil Defence Force emergency ambulances during office hours. The hospital’s emergency department now treats ~3,000 patients a month, and the ambulatory care center is expected to increase patient load by another 10-20%. Meanwhile, details are being finalized and will be released in the middle of next year. Raffles Medical is currently trading at 31.5x forward P/E