SeaTown-backed Foundation Healthcare lists on SGX mainboard, raises S$242 million in IPO

  • SeaTown flagged portfolio company Foundation Healthcare’s IPO on SGX mainboard, raising about S$242 million in gross proceeds.
  • Retail tranche was 9.4x oversubscribed; overall offering was 3.8x.
  • SeaTown Private Capital Master Fund invested S$150 million in 2023.
  • Foundation Healthcare acquired 38 specialist practices; specialist network rose to 108 as of March 31, 2026 from 67 at Dec. 31, 2023.
  • FY2025 pro forma revenue was S$265.9 million.


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