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Stock impact report

New Frontier acquires oncology medical platform HKIOC [Yahoo! Finance]

Frontier Group Holdings, Inc. (ULCC) 
Company Research Source: Yahoo! Finance
The transaction follows TE Asia Healthcare Partners, a portfolio company of TPG Capital, agreeing to sell its stake in HKIOC to New Frontier. With this acquisition, New Frontier will now manage HKIOC's operations across multiple locations, including two centres in Hong Kong Island and Kowloon, as well as the Hong Kong Adventist Hospital Oncology Center. HKIOC specialises in offering a variety of cancer treatment services, from early diagnosis to radiotherapy, mental health and rehabilitation support. The latest transaction will see HKIOC collaborating with New Frontier's subsidiary HEAL Oncology to further create a formidable entity in the region's oncology sector. The collaboration between HKIOC, HEAL Oncology, and United Family Healthcare, which is also New Frontier's subsidiary, is projected to improve cross-border cancer care by establishing a nationwide multidisciplinary cancer network. Besides, this network will bring together various specialists to deliver comprehens Show less Read more
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