Sin Capital-backed Fullerton picks adviser for revived company sale – Bloomberg

Fullerton Healthcare Corp. Ltd. is exploring a potential sale of the Singapore-based healthcare service company, excluding its Australian operations, and tapped Bank of America Corp. as its adviser on the process, Bloomberg News reported, citing people with knowledge of the matter.

The company, doing business as Fullerton Health, could start a sale process as early as the first quarter, one person said. Deliberations are underway, and the planned sale could still be canceled, the sources said.

Singaporean firm Sin Capital Partners and other owners of Fullerton Health are restarting a sale of the business amid a rising interest in the healthcare sector due to the coronavirus pandemic, one of the sources reportedly said.

Fullerton, which is also backed by Ping An Insurance (Group) Co. of China Ltd., is also looking to establish primary care and specialist outpatient clinics in partnership with We Doctor Holdings Ltd. in China.

A Bank of America representative declined to comment, while representatives for Fullerton and Sin Capital did not respond, according to Bloomberg.

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