Healthway Medical

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Healthway Medical Corp gets 4.2 cents per share offer from Lippo-linked entity
http://www.theedgemarkets.com.sg/articl ... ked-entity

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No doctors at 7 clinics under Healthway Medical Group - See more at: http://news.asiaone.com/news/business/n ... EOI55.dpuf

The turmoil at private clinic operator Healthway Medical Corp (HMC) is coming to a head.

Not only has the Singapore Exchange directed HMC to go back to shareholders to get their approval before drawing down on a controversial loan, the firm's clinics also appear to be falling into disarray.

According to the clinics' receptionists, this was due to certain anchor doctors falling ill and no locum doctors could be found to take their places. At Healthway's Holland Drive clinic, a receptionist said over the phone that no doctor would be on duty this week, until the anchor doctor comes back next Tuesday. The Holland Avenue branch is closed till tomorrow evening, with both regular doctors on medical leave.

A woman who picked up the phone for its Serangoon clinic said it would be open till midnight, but there was no doctor and they could not find a relief doctor. HMC, which is in a liquidity crunch after losing millions of dollars in questionable loans to two entities, announced over the weekend that it had not paid the salaries of its doctors and senior management for February, amounting to $3.9 million. Asked if it was unusual for seven of its almost 50 family clinics to be out of doctors on the same day, HMC said: "We have and manage over 120 full-time doctors... Locums are in short supply due to the school holidays. "On the other hand, our specialist and dentist clinics were relatively crowded today."

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healthway-medical-swings-1q-loss-short-term-borrowings
https://www.theedgesingapore.com/health ... borrowings

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Healthway Medical narrows 4Q losses by 35.6% to $28.8 mil
https://www.theedgesingapore.com/health ... 56-288-mil

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Healthway Medical swings back into the black in 1Q
https://www.theedgesingapore.com/health ... k-black-1q

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HMC's FY2021 net profit surges following recovery and low base effect in 2020
https://www.theedgesingapore.com/capita ... ffect-2020

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Healthway Medical shares up 39.4% after OUE Healthcare’s exit offer of 4.8 cents
https://www.theedgesingapore.com/news/o ... r-48-cents

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Healthway Medical shareholders vote to delist with 99.47% approval
https://www.theedgesingapore.com/news/o ... 7-approval