Alliance Healthcare
About Alliance Healthcare
Alliance Healthcare Group Limited is an integrated healthcare group that leverages the use of technology to provide a broad suite of healthcare services primarily in Singapore. The Group designs and provides enterprise-level healthcare solutions to meet the demands of organisations as well as individual patients for reliable and cost-effective healthcare services.

Recent Developments
- 8 Oct 2025 Annual Reports and Related Documents::
- 8 Oct 2025 Annual General Meeting::Voluntary
- 22 Aug 2025 Cash Dividend/ Distribution::Mandatory
- 22 Aug 2025 Financial Statements and Related Announcement::Full Yearly Results
- 3 Apr 2025 General Announcement::ENTRY INTO A STRATEGIC PARTNERSHIP WITH FARRER PARK HOSPITAL
Investment Merits
- Riding on the tailwinds of a growing defensive healthcare industry.
- One of the largest managed healthcare service provider in Singapore
- High barriers to entry for the growing managed healthcare segment, due to high capital investments to establish a sizable network of medical services providers as well as investments in IT systems.
- Tapping on the increased demand for mobile healthcare via Jaga-me
- Healthy balance sheet with positive cash flow generation.
- Founders’ interests are aligned with shareholders. The Group has also expressed their intention to distribute at least 30% of its net profits for FY20 and FY21 as dividends to shareholders.
In The News
- Alliance Healthcare Group: Staying in the Pink of Health
- Alliance Healthcare wins contract to provide healthcare services to 38 firms
- Alliance Healthcare partners Inova Care to explore opportunities in the region
- Alliance Healthcare focuses on affordable and accessible clinics; banks on telemedicine
- Alliance leverages tech to provide broad suite of healthcare service
- Alliance expands in managed healthcare
- Alliance Healthcare sees 631.5% surge in earnings in first year since listing
- Alliance Healthcare and DBS to collaborate on marketing activities
- Alliance Healthcare partners DBS to provide health and wellness programme to DBS insurance policyholders
- Alliance Healthcare Stock Review – 4 Reasons To Like About This Defensive Healthcare Company
- Building back in a post-pandemic world
Research
| Brokerages | Report | Analysts | Recommendation | TP |
|---|---|---|---|---|
| Phillip Securities Research | Download File | Vivian Ye | NON-RATED | – |
| RHB Bank Berhad | Download File | Lee Cai Ling Jarick Seet |
NON-RATED | – |
Archive
2021
Stock Information
(as of 02 September 2024)
| Price | Market Cap (SGDm) | Enterprise Value (SGDm) |
|---|---|---|
| SGD 0.1420 | 29.25 | 29.50 |
Key Financial Highlights
| Key Highlights | TTM (SGD) |
|---|---|
| Revenue | 67.98M |
| Net Income Available to Common | 719.75k |
| Profit Margin | 1.06% |
| Return on Assets | 0.82% |
| Return on Equity | 1.50% |
| Price/Sales (ttm) | 0.47 |
| Price/Book (mrq) | 1.27 |
| Enterprise Value/Revenue | 0.47 |
| Enterprise Value/EBITDA | 5.64 |
| Total Cash (mrq) | 18.65M |
| Total Debt/Equity (mrq) | 90.48% |
| Levered Free Cash Flow (ttm) | -249.12k |