Disa's (SGX:532) subsidiary, Advance Digital Healthcare, agreed to purchase a 50% stake in Rheumatology Associates from Yoon Kam Hon for SG$5.5 million, according to a Tuesday filing with the Singapore Exchange.
Shares of the company surged 100% in recent trading.
Rheumatology Associates is an integrated specialist medical and therapy center based in Singapore, which focuses on arthritis and rheumatism.
The acquisition is part of the group's strategy to boost growth and enhance shareholder value. The transaction is expected to complete on July 28.
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