1. Background on Raffles Medical Group
Raffles Medical Group began with two clinics in the CBD in 1976 and has grown into the integrated healthcare organisation today. Raffles Medical Group has breadth, depth and size, as reflected in the 470-fold growth in turnover and 600-fold increase in profits over the past 30 years.
The Group continues to actively seek opportunities in the region and will consider growth through acquisition or green field projects. They continue to upgrade their existing Jakarta office into a medical centre and will provide the Indonesian patients more convenient access to their brand of healthcare.
2. Raffles Medical Group's Business Segments
Historically, Raffles Medical Group comprised 2 main business segments namely, Healthcare Services and Diagnostics Services.
Healthcare: The operations of medical clinics and other general and specialised medical services and the operation of hospital.
Diagnostics: The business of medical laboratory and imaging centre.
However, with effect from 2003, Raffles Medical Group segmented revenue into Healthcare Services and Hospital Services instead.
Healthcare: The operations of medical clinics and other general medical services; trading in pharmaceutical and nutraceutical products and diagnostic equipment; and provision of management and consultancy services.
Hospital: The provision of specialised medical services and operations of hospital and business of medical laboratory imaging centre.
The rationale behind the revision of segmentation of business is due to the rising importance of hospital services in which rapid growth stems from growing demand of medical services from the growing ageing population and the phenome ...