Ah, Foreign War Movies............................

Fullerton Healthcare IPO: Valuation Implies that the Whole Is 3-4x Larger than the Sum-Of-The-Parts

Founder

Kemp Dolliver, CFA

Cherrystone Hill Research

Equity Bottom-Up

The attached article from The Star Online reports on an increase in closings of GP practices in Malaysia. The Malaysian Medical Association puts much of the blame on TPAs (such as Fullerton), but doesn't document any unethical or illegal practices.The doctors may have won the SGX listing battle, but certainly not the war.............<a href="http://www.thestar.com.my/news/nation/2017/06/22/clinics-closed-due-to-poor-business-gps-seeing-fewer-patients-amid-rising-operating-costs/" target="_blank">http://www.thestar.com.my/news/nation/2017/06/22/clinics-closed-due-to-poor-business-gps-seeing-fewer-patients-amid-rising-operating-costs/</a>And they're starting to…

The attached article from The Star Online reports on an increase in closings of GP practices in Malaysia. The Malaysian Medical Association puts much of the blame on TPAs (such as Fullerton), but doesn't document any unethical or illegal practices.The doctors may have won the SGX listing battle, but certainly not the war.............http://www.thestar.com.my/news/nation/2017/06/22/clinics-closed-due-to-poor-business-gps-seeing-fewer-patients-amid-rising-operating-costs/And they're starting to…

Fullerton Healthcare

The War Continues