Thursday, July 28, 2022
Artemis Health Ventures, a unit of The Sylvan Group, a private equity firm backed by members of the Hyundai and Rockefeller families, said today that it has completed its strategic growth partnership with Singapore Orthopaedic Specialists (SOS).
Through the partnership, SOS will be able to accelerate the growth of its practices by bringing together talented medical professionals from across all relevant sub-specialties to provide the best possible integrated musculoskeletal care in Singapore.
SOS operates under three practices – Orthopaedics International, Sports Medicine International and Neurosurgery International – and the planned expansion comes at a time when demand for such care is increasing rapidly due to the aging population.
SOS’s practices treat patients suffering from various musculoskeletal ailments such as nagging sports injuries, spine and neurosurgical problems, musculoskeletal tumours, orthopaedic trauma, and painful arthritis. By working closely with one another, SOS specialists and their supporting
medical professionals are able to provide more holistic care and help patients resume normal activities as quickly as possible.
SOS currently has 10 highly experienced specialists in its ranks who have been serving the orthopaedic needs of the local and international community since 1995. These doctors will remain as shareholders in the enlarged company.
Artemis, a recently-formed management service organisation, provides physicians with infrastructure and administrative support services so that they can focus on patient care.
Kin Wong, CEO of Artemis and Managing Director of Sylvan, said: “The SOS doctors are a team of veteran orthopaedics, sports physicians, and neurosurgeons who have a strong reputation for clinical excellence. I am delighted that they share our vision of growing SOS’s healthcare
ecosystem and service offerings so that it can expand and continue to deliver the best possible outcomes for patients.”
Dr Leslie Leong, specialist orthopaedic surgeon and CEO of SOS, mentioned: “We are glad to have found in Artemis a partner to grow with and bring our orthopaedic, neurosurgery and sports medicine services to a higher level in our ongoing pursuit of providing comprehensive and accessible musculoskeletal care to our local and international community.”
Sylvan’s Co-Founder and Managing Partner, Kyungsun Chung, said: “Musculoskeletal conditions are the leading contributor to disability globally and can significantly limit mobility and dexterity. These conditions affect one’s quality of life by reducing his or her ability to work and participate in society.
“Our partnership with Artemis and the SOS doctors aims to make musculoskeletal care more holistic, efficient and accessible, which will significantly enhance the quality of life of the communities we serve.”
Sylvan’s Co-Founder and Managing Partner, Scott Jeun, added: “Ensuring healthy lives and promoting well-being for all ages is an important sustainable development goal for every country.
We see rising demand for quality and accessible healthcare in Asia for the coming years on the back of steady economic growth and demographic changes.
“Sylvan will continue to be on the lookout for investment opportunities that will also deliver a positive impact to the broader society we live in.”
About Artemis Health Ventures
Artemis is a patient-centric management support organisation for practices offering a full continuum of musculoskeletal care. Artemis aims to provide scalable support services and innovation to its partner practices to promote long-term growth while preserving clinical autonomy for its physicians to focus on providing the highest-quality integrated clinical care for their patients. For more information, visit https://artemis.healthcare/
About Singapore Orthopaedic Specialists
SOS is a leading orthopaedic practice in Singapore with 8 orthopaedic surgeons, 1 neurosurgeon and 1 sports medicine physician, offering a broad spectrum of integrated orthopaedic care to both local and international communities since 1995. SOS operates out of 4 clinics in Gleneagles
Medical Centre, Mt Alvernia Medical Centre, Mt Elizabeth Medical Centre, and Camden Medical Centre. For more information, visit https://ortho-intl.com/
About The Sylvan Group
The Sylvan Group was founded in 2019 by Mr Chung and Mr Jeun following a dialogue between members of the Hyundai and Rockefeller families. Its maiden fund, the Sylvan Asia Growth Fund I, has to date invested approximately US$140 million in four Singapore-headquartered healthcare and pharmaceutical companies, including Artemis. For more information, visit https://www.thesylvangroup.com/
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