Hong Kong: HKMC to float in Hong Kong

Integrated private medical services provider Hong Kong Medical Consultants (HKMC) has filed to float on the HKEx. Timing and size of the deal have not yet been confirmed.

Founded in 2013, it operates six medical centres, which comprise three multi-speciality clinics, one psychiatric centre, one geriatric medical centre, and one paediatric centre under the ‘Hong Kong Medical Consultants brand. It also operates two imaging and diagnostics centres and one laboratory under the Hong Kong Imaging and Diagnostic Centre brand.

In the first four months of the year, profits halved to HK$10.5m (US$1.4m) while revenues declined 13.9% to HK$69m. This was, the company said, because of the Covid-19 outbreak along with the related delays in seeking non-urgent medical treatment.

Proceeds will be used to establish an integrated diagnostic centre, a flagship medical centre as well as oncology, dental and skin centres.

CICC is sole sponsor on the deal.