HMI Medical strengthens position with new acquisition in the urology sector.

The Singapore-based private clinic group Health Management International, known as HMI Medical, has announced its acquisition of a majority stake in the country's largest private urology specialist group, Advanced Urology Associates. While the financial details of the transaction were not disclosed, Advanced Urology plans to expand both locally and regionally with the support of HMI Medical. The growth strategy focuses on enhancing community initiatives, recruiting additional specialists, and opening new clinics and healthcare facilities. The company HMI Medical, which also operates in Malaysia and Indonesia, pursues a growth strategy heavily reliant on mergers and acquisitions. Just last November, HMI Medical acquired a majority stake in the Harley Street Heart & Vascular Centre, without disclosing financial details. In 2019, HMI Medical was taken private by the Swedish investment firm EQT from the Singapore stock exchange, with the buyout valued at 611 million Singapore dollars. In June of the previous year, the U.S.-based alternative asset manager Apollo Global Management invested in the parent company of HMI Medical, although again, no specific financial details were released.