MediLink-Global UK Ltd, a Jersey-based provider of electronic health card services, has acquired Lifeinc Holdings Pte, a provider of third-party administrator (TPA) services to clinics in Singapore, for SGD500,000 (£230,000).

MediLink-Global UK Ltd, a Jersey-based provider of electronic health card services, has acquired Lifeinc Holdings Pte, a provider of third-party administrator (TPA) services to clinics in Singapore, for SGD500,000 (£230,000).

Lifeinc Holdings was incorporated in January and has a client list of more than 160 clinics and hospitals. The acquisition is expected to be immediately earnings enhancing.  

Shia Kok Fat, Medilink CEO, commented: The acquisition of Lifeinc Holdings will make a positive contribution to our profits and increases our profile in Singapore, which is essential as it is where many of the pan-Asian insurance companies have their headquarters.”