Foundation Healthcare Holdings, a Singapore-based private healthcare provider backed by SeaTown, is seeking to raise up to S$242 million (approximately US$187 million) through an initial public offering on the Singapore Exchange. The company plans to offer shares priced between S$0.76 and S$0.92, which could value the business at between S$1.01 billion and S$1.20 billion. The company is expected to begin trading on July 8, 2026.
The IPO has attracted strong institutional interest, with cornerstone investors expected to commit around S$118 million before the public offering. The investor group includes major asset managers and financial institutions from Asia and global markets, reflecting confidence in Singapore’s growing healthcare sector.
Funds raised through the listing will support Foundation Healthcare’s expansion strategy, including acquisitions and investments in clinical practices and medical centres across Singapore and other markets. The company also plans to use part of the proceeds to strengthen working capital and support future growth opportunities.
Foundation Healthcare has reported strong financial performance, with pro forma revenue increasing 32% to S$265.9 million in 2025 and profit rising 41.5% to S$48.4 million. The group currently operates 74 clinics, 108 specialist doctors, and four medical centres in Singapore, making it one of the country’s significant private healthcare providers.
The planned IPO highlights continued investor interest in healthcare businesses, particularly those positioned to benefit from rising healthcare demand, ageing populations, and ongoing investments in medical services across Asia.
