Why Raffles Medical Group's TCFs are still necessary

The hospital group's shareholders raised queries on care facilities' growth.

Private hospital group, Raffles Medical Group, said its transitional care facilities (TCFs) will continue to aid the government to assist overwhelmed public hospitals amidst bed crunch.

Amidst this, shareholders of Raffles had queries about TCFF growth. The hospital group said TCFs are still important but it will not be its targeted growth area.

In a brokerage report, UOB Kay Hian expects this decision as TCFs face a regulatory risk.

In relation to this, the Ministry of Health said it will retain its TCFs for bed capacity, which could make the redundancy unlikely

"Although COVID-19 has become endemic in Singapore, TCFs still function as step-down care facilities which play a vital part in the domestic healthcare system," said UOB Kay Hian.

With an upcoming TCF tender in the west, winning the tender to operate a second TCF would help heighten RFMD’s 2023-24 net profit significantly, given that the current TCF contributes around 35% of 2022 operating profit.

Follow the link for more news on

Raffles Medical Group

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia