Basel Medical Group, which operates two medical clinics in Singapore, raised $9 million by offering 2.2 million shares at $4, the low end of the range of $4 to $5.
The company, through its two medical clinics in Singapore, provides a range of general and subspecialized orthopedic, trauma and sports medicine services such as knee/hip replacements, sports medicine/surgery, spine surgery, foot/ankle surgery and minimally invasive orthopedic procedures, as well as neurosurgical treatments. The company employs five medical practitioners, comprising four orthopedic specialists and one neurosurgery specialist. Its clinical services provided include consultation, medical diagnosis and medical or surgical treatments for orthopedic, trauma, sports medicine and neurosurgical conditions. It performs a variety of procedures and minor surgical services on site.
Basel Medical Group plans to list on the Nasdaq under the symbol BMGL. Cathay Securities acted as sole bookrunner on the deal.
