Rowsley to buy Thomson Medical businesses for S$1.6b from tycoon Peter Lim

SINGAPORE – Mainboard-listed Rowsley has inked a deal to acquire Thomson Medical healthcare businesses from tycoon Peter Lim for S$1.6 billion, to be paid mostly in stock.

Rowsley will acquire the privately held Thomson Medical, which is a provider of healthcare services for women and children in Singapore, and a 70.36 per cent stake in Malaysia-listed TMC Life Sciences (TMCLS).

Read more… – The Straits Times