SBC Medical To Acquire Singapore’s AHH, Expanding Into Asia

KUALA LUMPUR, Nov 19 (Bernama) -- SBC Medical Group Holdings Incorporated (SBC), announced it has entered into a definitive agreement to acquire Aesthetic Healthcare Holdings Pte Ltd (AHH), a Singapore-based aesthetic medical treatment provider, in an all cash transaction.

The acquisition marks the first step in SBC’s strategy to grow its business through acquisitions, which includes plans to expand its business internationally with a primary focus on the United States and Asia markets.

“We are very pleased to welcome AHH to our group. AHH has been providing high-quality aesthetic medical services in Singapore for many years and has earned the trust of many customers.

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“With this acquisition, we expect to accelerate our expansion into the Asian market and strengthen our global aesthetic medical treatment delivery system,” said SBC Founder and Chief Executive Officer (CEO), Yoshiyuki Aikawa in a statement.

Meanwhile, AHH CEO, Dr Ewen Chee said: “We see this acquisition as an opportunity for new growth, and we are confident that SBC's advanced technology, management know-how, and extensive experience in the Japanese market will contribute greatly to our further development.

“We expect to accelerate our expansion throughout Asia and provide the best aesthetic medical treatments to as many patients as possible. Together, with SBC, we aim to be a leader in the Asian aesthetic medicine industry and will make further efforts to meet the expectations of each and every patient.”

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SBC, a global provider of comprehensive consulting and management services to the medical corporations and their clinics, believes Singapore represents the ideal hub for the further development of its brand in the region due to its strategic location and developed medical infrastructure.

With the acquisition of AHH, SBC believes it has taken an important step toward expanding its presence in the Asian market. AHH's portfolio consists of four brands and 21 outlets, and will be added to the SBC clinic network, strengthening its customer base in the Asian region.

The expansion of SBC's global presence is consistent with its mission to establish leadership in the aesthetic medical industry by providing the value of beauty and health beyond national borders through innovative aesthetic medical treatments.

-- BERNAMA