Mergers & Acquisitions ·
Cuprina Holdings acquires two Singapore clinics for S$4.0M in cash and stock
CUPRCuprina Holdings (Cayman) Ltd
Cuprina Holdings (Cayman) Limited announced the acquisition of East Coast Podiatry Centre Pte. Ltd. and Orchard Clinic Management Pte. Ltd., which operate podiatry and women's health clinics in Singapore, for approximately S$4.0 million (US$3.1 million). The Target Group reported FY2025 unaudited revenue of S$9.1 million and normalized EBITDA of S$1.2 million. Consideration includes S$3.0 million in cash and S$1.0 million paid via 301,671 Class A ordinary shares issued at a derived price of S$3.31 per share. Completion is expected by November 1, 2026, subject to shareholder approval for an authorized share capital increase. This strategic move integrates clinical platforms with Cuprina's wound-care and collagen technologies.