Strong Brand Equity
Our Journey
1998
- Incorporation of HMI
- Operated 60 bed Balestier Hospital in Singapore since 1991
Strong Brand Equity
Our Journey
1999
- Listing of HMI on SGX-Sesdaq
Strong Brand Equity
Our Journey
2000
- Completed acquisition of 20% interest in Mahkota Medical Centre (“Mahkota”), a loss making hospital in Melaka then
Strong Brand Equity
Our Journey
2001
- Achieved turn-around of Mahkota in 2 years
- Raised interest in Mahkota to 40%
Strong Brand Equity
Our Journey
2002
- Official opening of HMI Institute of Health Sciences(“HMI Institute”) in Oct 2002
Strong Brand Equity
Our Journey
2005
- Shift of core business in Singapore to healthcare education and training
Strong Brand Equity
Our Journey
2007
- Acquired 35% equity stake in Regency Specialist Hospital (“Regency”), a vacant hospital building then
- Raised interest in Mahkota to 49%
Strong Brand Equity
Our Journey
2008
- Commissioned Regency
- Raised interest in Regency to 61%
- HMI upgraded to SGX-Mainboard
Strong Brand Equity
Our Journey
2009
- Official opening of Regency in Nov 2009
Strong Brand Equity
Our Journey
2010
- HMI hospitals approved for use of Medisave overseas for hospitalization & day surgeries
Strong Brand Equity
Our Journey
2014
- Regency achieved first full year of profitability
Strong Brand Equity
Our Journey
2015
- HMI Institute shifted operations to the Devan Nair Institute for Employment and Employability
Strong Brand Equity
Our Journey
2016
- Regency announced the construction of hospital extension block to double capacity
Strong Brand Equity
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
Strong Brand Equity
Our Journey
2018
- Completed acquisition of 70% stake in StarMed Specialist Centre
Strong Brand Equity
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.