
Asian Healthcare Specialists
ASIAN Healthcare Specialists provide a wide spectrum of general and subspecialised orthopaedic, trauma and sports services.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
investor | €0.0 | round | |
* | $76.7m Valuation: $76.7m 3.9x EV/Revenue 13.1x EV/EBITDA | Acquisition | |
Total Funding | 000k |

SGD | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | (9 %) | 20 % | 33 % | 69 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | - | 30 % | 25 % | 25 % | 30 % |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | - | 20 % | 17 % | 13 % | 15 % |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Asian Healthcare Specialists (AHS) operates as a multidisciplinary medical services group in Singapore, providing a comprehensive portfolio of healthcare services. The company was incorporated on September 27, 2017. A significant milestone was its listing on the Singapore Exchange's (SGX) Catalist board in April 2018, which started with a core team of five orthopaedic specialists under 'The Orthopaedic Centre' brand.
The group was co-founded by orthopaedic surgeons including Dr. Chin Pak Lin, who also serves as the Executive Chairman and CEO. Dr. Chin, a Malaysian-born surgeon, pursued medicine at the National University of Singapore (NUS) after receiving a scholarship. His journey into orthopaedics was inspired by a mentor, and he gained extensive experience at Singapore General Hospital before co-founding AHS with the vision of bringing high-end, specialized medical care to the market. His background includes a Masters of Medicine in Orthopaedic Surgery from NUS and a fellowship with the Royal College of Surgeons of Edinburgh.
AHS functions on a business model of providing integrated, specialized medical care across various disciplines. Revenue is generated through the provision of medical consultancy and services. Initially focused on orthopaedics, the group has expanded its offerings significantly through strategic acquisitions and organic growth. A key development was the acquisition of a 51% stake in Cornerstone Asia Health in 2020, which broadened AHS's capabilities to include dermatology, gastroenterology, urology, ophthalmology, and family medicine. This move transformed AHS from an orthopaedic-centric firm into a multi-disciplinary provider with numerous specialists and doctors across multiple clinics in Singapore. Further expansion included the addition of an anaesthesia arm and a physiotherapy practice to create a one-stop, integrated service for musculoskeletal care.
The company serves patients requiring specialized medical attention for a wide array of conditions, from fractures and sports injuries to chronic diseases. Its service portfolio is extensive, covering anaesthesia, dermatology, family medicine, gastroenterology, orthopaedics, ophthalmology, otorhinolaryngology (ENT), urology, and rehabilitative services. This multi-specialty platform enables a holistic approach to patient care, addressing complex medical issues that require input from various experts. In a major strategic shift, AHS was acquired in late 2022 by the regional tech-led healthcare company Doctor Anywhere. This acquisition was intended to vertically integrate Doctor Anywhere's primary care services with AHS's secondary specialized care, aiming to meet rising demand for complex treatments in Southeast Asia. Following the acquisition, AHS was delisted from the SGX in January 2023 but continues to operate as a separate entity.
Keywords: multidisciplinary medical services, Singapore healthcare, orthopaedic surgery, specialist clinics, sports medicine, joint replacement, physiotherapy, dermatology, gastroenterology, urology, ophthalmology, anaesthesiology, family medicine, SGX Catalist, Doctor Anywhere acquisition, Dr. Chin Pak Lin, Cornerstone Asia Health, integrated healthcare, medical consultancy, patient care, Singapore medical group, healthcare services Singapore, specialized medical care
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Investments by Asian Healthcare Specialists
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