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Raffles Medical Group
Private healthcare provider in Asia
Private healthcare provider in Asia
| Field | Value |
|---|---|
| name | Raffles Medical Group |
| logo | Raffles Medical Group logo.svg |
| image | RafflesHospital.JPG |
| image_size | 300px |
| image_caption | Raffles Hospital in Singapore |
| type | Public company |
| traded_as | |
| foundation | |
| location | Singapore |
| founders | {{Unbulleted list |
| industry | Health care |
| services | Hospitals, family medicine, dental clinics, insurance services |
| revenue | S$723.8 million (2021) |
| operating_income | S$115.8 million (2021) |
| net_income | S$83.7 million (2021) |
| assets | S$1.545 billion (2021) |
| equity | S$976.6 million (2021) |
| num_employees | 2900+ (2024) |
| owner | Raffles Medical Holdings Pte Ltd (37%) |
| Loo Choon Yong (10%) | |
| homepage |
| Dr. Loo Choon Yong | Dr. Alfred Loh
Loo Choon Yong (10%)
Raffles Medical Group (RMG, ) is a private healthcare provider in Asia, operating medical facilities in thirteen cities in Singapore, China, Japan, Vietnam and Cambodia.
History
In 1976, the group's founders, Dr Loo Choon Yong and Dr Alfred Loh, opened their first two clinics in Singapore's Central Business District with the aim of providing medical services to corporate clients. By 1989, this had grown to five clinics and it was then that the two friends decided to incorporate their clinics into a medical practice group. Expanding after its incorporation, RMG moved into Singapore's HDB heartlands with their first neighbourhood clinic in 1993. The first of these areas included Telok Blangah, Bishan, Ang Mo Kio, Siglap, Tampines, Pasir Ris and Bedok.
In 1990, RMG tendered and obtained a contract with the Civil Aviation Authority of Singapore to provide medical services to the passengers transiting through Changi International Airport as well as airport workers. This also marked RMG's first 24-hour clinic.
Patients of Raffles Medical Clinics that required specialist care were initially referred to the public hospitals or private specialists. In 1991, RMG appointed specialists in its medical staff. The Group consolidated its specialist service in 1993 with the opening of Raffles SurgiCentre at No. 182 Clemenceau Avenue – the first free-standing day surgery centre at Southeast Asia. It had four operating theatres, 28 recovery beds and two beds in intensive care unit.
By 1996, the network of clinics had grown to 30 branches covering most parts of Singapore. When Raffles SurgiCentre saw a lack of space for further expansion, Dr Loo began looking for a site to build a hospital. They eventually settled on Blanco Court, a commercial building at the intersection of North Bridge Road and Ophir Road. Construction works to convert it into a hospital began in 1999. This culminated in the opening of the 380-bed Raffles Hospital on 31 March 2001. It consists of 24 different specialist centres which provides specialist services such as obstetrics and gynaecology, cardiology, oncology and orthopaedics.
Today, the Group is present in Singapore, China, Vietnam, Cambodia and Japan. The Group runs a network of 106 multi-disciplinary clinics across Singapore and medical centres in Hong Kong, Shanghai and Osaka. Raffles Medical Group also has representative offices in Indonesia, Vietnam, Cambodia, Brunei and Bangladesh, as well as associates throughout the Asia-Pacific region. Airport clinics in Singapore's Changi International Airport and Hong Kong's Chek Lap Kok International Airport are also managed by them.
In 2024 the hospital said it was looking to expand outside of Singapore, as a combination of high treatment costs, a rising Singapore dollar, and inflation was causing a reduction in foreign patients.
Medical and clinical support services
RMG has a network of clinics with family physicians, specialists and dental surgeons and owns Raffles Hospital, a tertiary care hospital in Singapore, which accommodates surgical centres, medical laboratories and 24 specialist centres in various areas like Obstetrics & Gynaecology, Cardiology, Oncology and Orthopaedics. RMG also has a consumer healthcare division which develops and distributes nutraceuticals, supplements, vitamins and medical diagnostic equipment.
RMG also operates three medical centres in Hong Kong and medical centres in Shanghai and Osaka.
Notable clinical cases
Raffles Hospital undertook the surgical separation of a pair of adult craniopagus twins, Laleh Bijani and Ladan Bijani of Iran. The surgery was led by Dr Pierre Lasjaunias, a French neuro-radiologist. Separation was achieved. However, both twins died due to significant blood loss in the blood vessel repairing process.
Raffles hospital separated another set of conjoined twins Ji Hye and Sa Rang. They underwent a successful surgery on 22 July 2003. On 16 August, both twins were discharged almost a month after their operation.
American Ryan Boarman was bitten by a shark on his right elbow on 25 April 2016. After spending some time in Balinese hospitals, he was transferred to Singapore's Raffles Hospital on 29 April 2016, where he went under the knife of orthopaedic surgeon Dr Lim Yeow Wai. The American had suffered a 360-degree laceration around the elbow, with the shark biting, pulling off and shearing away at least eight muscles and tendons and injuring one nerve and one ligament.
Raffles' first birth was on 19 July 2001 at 7:20pm, delivered by Consultant Obstetrician and Gynaecologist, Dr Joan Thong Pao-Wen. The healthy baby girl weighed 3250g at birth. Raffles Hospital's first triplets were delivered a few days before Christmas in 2004.
Corporate affairs
RMG started as a two-clinic practice in 1976 under its founders. In 2009, their revenue grew 8.9% to S$218 million, while profit after tax increased by 20% to S$38 million. The Group's profits continue to grow through the financial year of 2010, reaching S$311 million in 2012. For the first half of 2025 ended 30 Jun, RMG posted a net profit of S$32.1 million for its first half ended Jun 30, up 4.8 per cent from S$30.6 million in the same period a year prior.
Group Practice Model
RMG's medical practice is based on the Group Practice Model, in which its full-time doctors are governed by policies and fee schedules set by the hospital. Recently the Singapore Ministry of Health issued benchmarks for fees, which Raffles claims it will follow.
Charitable causes
RMG's humanitarian arm, Asian Medical Foundation (AMF), is a non-profit organisation was started in 2003 to offer medical expertise in areas with poor access to health care services. AMF sent its first relief mission to Aceh on 26 December to assist in the 2004 Asian tsunami crisis. AMF also sent medical aid to the earthquake victims in Nias, Indonesia and Pakistan in 2005.
References
References
- "Raffles Medical Group (RMG) / About Us". Raffles Medical Group.
- "Raffles Medical Group. Annual Report 2021.". Raffles Medical Group.
- (2002). "Raffles Medical Group".
- (2013). "SINGAPORE BUSINESS AWARDS 2013". Singapore Press Holdings Limited.
- (n.d.). "Hospitals and Other Healthcare Organisations".
- (11 May 2010). "Driven by a very simple vision". The Business Times.
- (20 May 2013). "Raffles medical chief had early start in business". The Straits Times.
- (5 April 2013). "Growing from strength to strength". The Business Times.
- (28 March 1998). "RMG has done its homework". The Business Times.
- "Hospital: Overview". Raffles Medical Group.
- "Corporate Fact Sheet".
- (2024-03-25). "Fewer foreign patients in Singapore, but more coming for critical and complex care". The Straits Times.
- (2006). "A journey of faith: The Raffles Medical Story". Singapore: Raffles Medical Group.
- "About Us".
- "Raffles Health Singapore{{!}} Supplements, Health Screening, Beauty".
- "Clinic Locations".
- "Our Services".
- (2 August 2010). "Corporate: Raffles Medical Group expands capacity, attracts investors attention". The Edge Singapore.
- (September 7, 2015). "RafflesMedicalGroup opens new medical centre in Osaka, Japan".
- (6 July 2003). "If God wants us to live as two separate individuals, we will ...". The Guardian.
- (8 July 2003). "Iranian twins die in surgery". BBC News.
- "Milestones".
- "Conjoined Korean Twins Undergo Separation Surgery At Raffles Hospital".
- Ong, Justin and Hassan, Nadia http://www.channelnewsasia.com/news/singapore/singapore-doctor-saved-my/2755920.html
- Lim, Chloe. (2025-07-28). "Raffles Medical H1 profit rises 4.8% to S$32.1 million".
- "Vision & Philosophy".
- "More benchmarks on private hospital fees help, but may not bring down costs: Doctors, healthcare experts".
- "About us".
- (24 May 2005). "Making a Difference". The Business Times.
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