I am pleased to share with you our progress toward achieving our vision for the future of healthcare. Since our establishment, we have had the valuable experience of growing organically as well as bolstering growth through strategic mergers and acquisitions that have broadened our service portfolio and added scale to existing services. We now have the privilege of serving millions of patients per year across a full suite of digital and physical solutions, ranging from telemedicine, diagnostics, health screening, as well as primary, specialist, ambulatory and inpatient care.
Strong Brand Equity
Our Businesses
Innovating Success
Our Journey
1998
- Incorporation of HMI
- Operated 60 bed Balestier Hospital in Singapore since 1991
Innovating Success
Our Journey
1999
- Listing of HMI on SGX-Sesdaq
Innovating Success
Our Journey
2000
- Completed acquisition of 20% interest in Mahkota Medical Centre (“Mahkota”), a loss making hospital in Melaka then
Innovating Success
Our Journey
2001
- Achieved turn-around of Mahkota in 2 years
- Raised interest in Mahkota to 40%
Innovating Success
Our Journey
2002
- Official opening of HMI Institute of Health Sciences(“HMI Institute”) in Oct 2002
Innovating Success
Our Journey
2005
- Shift of core business in Singapore to healthcare education and training
Innovating Success
Our Journey
2007
- Acquired 35% equity stake in Regency Specialist Hospital (“Regency”), a vacant hospital building then
- Raised interest in Mahkota to 49%
Innovating Success
Our Journey
2008
- Commissioned Regency
- Raised interest in Regency to 61%
- HMI upgraded to SGX-Mainboard
Innovating Success
Our Journey
2009
- Official opening of Regency in Nov 2009
Innovating Success
Our Journey
2010
- HMI hospitals approved for use of Medisave overseas for hospitalization & day surgeries
Innovating Success
Our Journey
2014
- Regency achieved first full year of profitability
Innovating Success
Our Journey
2015
- HMI Institute shifted operations to the Devan Nair Institute for Employment and Employability
Innovating Success
Our Journey
2016
- Regency announced the construction of hospital extension block to double capacity
Innovating Success
Our Journey
2017
- Completed full consolidation of ownership (100%) in Mahkota and Regency for SGD 183mn via mix of cash and new shares
- Heliconia Capital Management acquired a 2% stake in HMI through an $11m placement
Innovating Success
Our Journey
2018
- Completed acquisition of 70% stake in StarMed Specialist Centre
Innovating Success
Our Journey
2019
- De-listed from the Singapore Stock Exchange allows HMI Group to strengthen its business expansion and its vision of being a leading healthcare group in Asia at a quicker pace.
- HMI Institute became a social enterprise.
- Invested 40% in Plus Medical Holdings (OneCare Clinics), a fast growing GP Chain in Singapore
Innovating Success
Our Journey
2021
- Increased investment to acquire majority stake in OneCare Medical Group (OneCare) a chain of private primary care clinics in Singapore
Innovating Success
Our Journey
2022
- Acquired majority stake in Eagle Eye Centre Pte Ltd (Eagle Eye Centre), the largest private ophthalmology chain in Singapore
Innovating Success
Our Journey
2023
- HMI Group and MHC join forces to deliver seamless patient journeys and better health outcomes through technology
Innovating Success
Our Journey
2023
- Acquired majority stake in The Harley Street Heart & Vascular Centre (Harley Street), a leading private cardiovascular group in Singapore.