Health Management International (HMI)

This baby has been on a run this yr. Probably expecting good 1st qtr results. nevertheless it is no more cheap by any measure. Trailing PE of 36. Looking forward to their coming AGM. Don't understand the scrip div scheme when you declare such a small div. It won't save that much cash and cause a lot of extra paperwork and odd lots.

core vested

(26-10-2015, 08:59 PM)Jacmar Wrote: Not playing the forex game is my word since the Chairwoman emphasised a few times that they are naturally hedge.

the succession is already in the works with the daughter as the CEO and the son as finance director. Both are pretty capable and down to earth hard working people. My gut feel is that they really are not looking for the exit but then again if someone throws in a ridiculous high offer price they are prepared to put this to the shareholders to decide. this is why I think it is fair to OPMI.

One more question that did came up was why didn't HMI offer to buy out the Mahkota partner as the Minority Interest for HMI is very high. The answer was that they are reluctant to sell out either. the other party wants to continue to partner with HMI. In my opinion why should they as it is printing lots of cash for them.

Hi Jacmar

I was wondering if the CEO and the Finance Director are related   You answered my question

They took over the Asset Co which had leased the Mahkota Medical Centre so that to supposedly save  on rental. I don't actually follow this stock but what do you think led to the restructuring?

But I do agree that being a family biz it is more difficult to extract dividend out cause they are already paid by the company

OPMI voted No (86%) for reso 9 (authority to issue ESOS and PSP) in recent agm.

I am seeing such a thing for the 1st time. Anyone encounter before?

HMI to consolidate its ownership in Mahkota Medical Centre and Regency Specialist Hospital

Health Management International Ltd ("HMI") announces that it has agreed to consolidate its ownership in its two hospitals, 48.9%-owned Mahkota Medical Centre and 60.8%-owned Regency Specialist Hospital, to 100% each, for an aggregate purchase price of RM556.5 million (or SGD183.2 million  @SGD1:RM3.0380 ).

The Purchase Price will be satisfied by a combination of cash and new ordinary shares in HMI to be issued at SGD0.57 per Consideration Share (199,822,890 Consideration shares). The cash Purchase Price will be funded by an up to SGD62.0 million senior secured five-year term loan, an up to SGD18.5 million renounceable rights issue (11 for 200 Rights Issue”) of new ordinary shares in HMI at SGD0.57 per Rights Share and internal cash resources.

More details in http://infopub.sgx.com/FileOpen/HMI%20to...eID=436697

(27-10-2016, 11:15 AM)ZZF Wrote: OPMI voted No (86%) for reso 9 (authority to issue ESOS and PSP) in recent agm.

I am seeing such a thing for the 1st time. Anyone encounter before?

It's rare as the majority owners always voted for just like all the other resolutions. Sigh. I am one of those that ALWAYS voted against stock options. I voted against it this time too. I would prefer that the co issue restricted stock instead of options to reward mgt staffs. Reason is because I want mgt to have a skin in it. With options it cost them nothing if the co tanks. Another thing that irks me is options given to top mgt who are SSH. How it is it going to motivate them is beyond my comprehension.

HEALTH MANAGEMENT INTERNATIONAL: 6 takeaways from FY2017 results briefing

Written by Leong Chan Teik
Published: 01 September 2017

Health Management International (HMI), in recent years, has grown from strength to strength. Its two hospitals -- one in Johor and the other in Malacca -- have generated rising revenue and profit.

Its Mahkota Medical Centre in Malacca is the largest private tertiary hospital in South Malaysia serves almost 300,000 patients a year.

In Johor, its Regency Specialist Hospital serves >110,000 patients a year.

Here are 6 takeaways from the FY2017 results.

More details in https://nextinsight.net/story-archive-ma...s-briefing

Chief People Officer? Frankly speaking, don't see that alot over here.

HMI appoints Serena Yong as Chief People Officer to spearhead human capital development initiatives across the Group

• In line with its strategy of offering a working culture that attracts and retains talent, the Group will implement policies geared towards making HMI an employer of choice
• With close to thirty years of multinational experience, Ms Serena Yong will focus on driving best practices while working closely with the leadership team to develop and strengthen sustainable people development strategies

http://infopub.sgx.com/FileOpen/HMI%20-%...eID=470463
http://infopub.sgx.com/Apps?A=COW_CorpAn...uddies.com

HMI commits S$40.0 million for a majority stake acquisition in StarMed Specialist Centre

Highlights :
* Purchase gives HMI a 62.5% stake in Singapore’s first private one-stop ambulatory care centre; initial focus on cardio-vascular, digestive, minimally invasive surgeries and diagnostic services
* Partners with a group of experienced specialists in the development of StarMed which spans four floors covering approximately 16,000 sq. ft.
* Aims to create a unique value proposition of providing quality and affordable healthcare at competitive pricing.

More details in :
1. http://infopub.sgx.com/FileOpen/SGX%20An...eID=505409
2. http://infopub.sgx.com/FileOpen/SGX%20An...eID=505409
3. http://infopub.sgx.com/FileOpen/HMI%20-%...eID=505410

HEALTH MANAGEMENT INT'L: Ready to officially open StarMed Specialist Centre

Written by Leong Chan Teik
Published: 29 August 2018

The new private one-stop ambulatory care centre that Health Management International acquired a 62.5% stake in will officially start operations soon.

StarMed Specialist Centre, in which HMI bought its stake in May 2018, has completed renovations and received its licenses to operate from the Singapore Ministry of Health.

Co-located with Park Hotel Farrer Park above Farrer Park MRT station, StarMed is the first private "one-stop ambulatory care centre" in Singapore.

It will initially focus on cardio-vascular, digestive, minimally invasive surgeries and diagnostic services.

HMI said it expects to incur start-up losses from StarMed's operations for 2 to 3 years.

More details in https://nextinsight.net/story-archive-ma...ist-centre

Possible Transaction Involving the Company's Shares

Health Management International Ltd announced that the Company is currently in discussions with a third party regarding a possible transaction involving the Company’s shares.

The discussions are ongoing and the Company has not made any decision with respect to, and has not entered into any agreement for, the Possible Transaction and there is no certainty or assurance that these discussions will progress beyond the current stage or that any such transaction will occur.