Fullerton Health Announces Significant Expansion of Australian Healthcare Platform Through the Acquisition of Healthscope’s Medical Centres

Singapore, August 18, 2017 – Fullerton Healthcare Corporation Limited (“Fullerton Health” or the “Group”), a leading provider of corporate healthcare solutions across Asia Pacific, today announced that it has acquired Healthscope’s medical centre operations (“HMC”). HMC operates a network of medical centres across Australia, with a portfolio of 48 facilities comprising of 43 medical centres, four specialist skin clinics and one specialist breast diagnostic clinic.

HMC is one of the largest primary care operators in Australia with over 350 doctors, providing care to 1.8 million patients each year.

Dr Michael Tan, Co-Founder and Group CEO of Fullerton Health, commented: “I am thrilled to welcome the Healthscope medical centres team to join Fullerton Health today. This is an important acquisition for us, which reinforces our stated strategy of developing a strong presence in markets across the region, and specifically to broaden our network in Australia. Through this acquisition we will become the third largest primary care business in the country, and will be well positioned to support even more doctors and clinics.”

Steven Harvey, Managing Director of Fullerton Health Australia, commented: “Fullerton is already one of the leading occupational health and primary care providers in Australia, and following the acquisition of Healthscope’s medical centre business we will together operate the third largest primary care business in the country. The combination of focus and expertise coupled with international operations will help us to provide a greater range of services across Australia. Fullerton Health and HMC are highly complementary and our team are looking forward to working closely with HMC to deliver on the great potential that the combination of our two businesses offers.”