Rowsley to acquire Sasteria, owner of Thomson Medical and TMC Life

SINGAPORE: Singapore Exchange (SGX) Mainboard-listed Rowsley Ltd has signed a binding acquisition agreement with its controlling shareholder, Lim Eng Hock, to acquire 100% of Sasteria Pte Ltd, the owner of Thomson Medical Pte Ltd and the controlling shareholder of TMC Life Sciences Bhd (TMCLS), for S$1.6bil.

Under the agreement, Rowsley will acquire a 100% stake in Thomson Medical, Singapore’s largest private provider of healthcare services for women and children, and a 70.36% stake in TMCLS.