Singapore, July 13 -- Foundation Healthcare, an integrated private healthcare platform in Singapore, has registered its prospectus with the Monetary Authority of Singapore (MAS) in connection with its proposed initial public offering and listing on the Mainboard of Singapore Exchange Securities Trading Limited (SGX-ST).

The gross proceeds raised from the Offering and sale of shares to and subscriptions by Cornerstone Investors are expected to be approximately S$242 million, of which approximately S$100 million is due to the company.

Foundation Healthcare intends to use the net proceeds due to it primarily to fund investments in and acquisitions of specialist practices and medical centres in Singapore; investments to support expansion pl...