AsiaMedic Receives 2015 Frost Sullivan Singapore Diagnostics Imaging Company of the Year Award

SINGAPORE - Media OutReach - Oct 16, 2015 - AsiaMedic Ltd has been recognised with the 2015 Frost & Sullivan Singapore Diagnostics Imaging Company of the Year Award.

Ms. Siti Nur Hani Azran, Research Associate, Asia Pacific at Frost & Sullivan said that in a fragmented and technology-focused industry like diagnostic imaging, excellence in growth strategy and implementation is vital to grow and outshine competitors.

"AsiaMedic has positioned itself strategically through product penetration, a comprehensive product portfolio, along with high-quality customer service. Furthermore, the company's collaborations with private and public healthcare providers strengthen its position not only in the diagnostic imaging sector, but in the larger healthcare industry as well," she added.

Ms. Nur Hani also said that one of AsiaMedic's key differentiations is its business diversifi­cation. She noted that the company has extended its business into other healthcare segments by acquiring Complete Healthcare International (CHI), a medical clinic, targeted at expatriates, that offers a comprehensive range of medical care services, including health screenings, vaccinations, and travel advice.

It has also acquired Astique Clinic, a boutique aesthetic clinic that offers a comprehensive range of Food and Drug Administration (FDA)-approved aesthetic treatments, which require minimal downtime. AsiaMedia has also partnered with Cryoviva International to establish Cryoviva Singapore, the third private cord blood bank in the country.

"These alliances increase AsiaMedic's visibility in Singapore's healthcare industry as its customer base is expanded through cross referrals, and strengthened the company's position as one of the leading healthcare providers in various sectors," Ms. Nur Hani added.

"We are honoured to receive such a prestigious award from Frost & Sullivan, a leading consulting company. We are thrilled to see that our diagnostic imaging capabilities are being recognised in the industry," said Chief Operating Officer, Mr Jonathan Tan.

He added that the award also reinforced AsiaMedic's dedication excellence in customer service. The company ensures that its nurses and other frontline staff receive service quality training once a year, which ensure that the employees' accreditations are up-to-date and they are well versed on basic life saving techniques.

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About AsiaMedic Limited (Bloomberg: AMAT:SP / Reuters: ASIM.SI)

Headquartered in Singapore and listed on the Catalist Board of the Singapore Stock Exchange, AsiaMedic Limited is a premier healthcare provider that focuses on the management of clinical services in the fields of disease prevention, early illness detection and advanced diagnostics. Its team of highly qualified and reputable professionals provides clinical and management services both in Singapore and overseas. The services provided by AsiaMedic include but are not limited to health-risk assessments and screening, general and subspecialty imaging such as MRI and CT Scans for cardiovascular, neuroradiological, ENT and musculoskeletal imaging; PET/CT imaging for diagnosis, staging, localisation and monitoring progress of cancer. Driven by its commitment to the core values of competence, care, convenience and collaboration, AsiaMedic has built up a strong brand name for delivering positive patient outcomes and high-quality care for its patients from Singapore and around the region. Apart from Singapore,

AsiaMedic has a growing presence in key growth markets such as China, Indonesia, Vietnam and Russia. Recognising the increasing demand for quality healthcare services in Asia and the Middle East,

AsiaMedic expanded into the provision of international healthcare consultancy and management services in 2009. As an endorsement of its strengths and track record in the regional healthcare services industry, AsiaMedic was awarded two high-profiled turnkey projects in Abu Dhabi by Mubadala Healthcare, a division of Mubadala Development Co. and owned by the Government of the Emirate of Abu Dhabi. The projects were successfully completed and handed over in early 2012. Having tested and proven its healthcare services business model in Singapore and the region, AsiaMedic is developing more innovative healthcare services in selected markets for its next stage of growth.