Singapore Paincare Invests SG$1.5 Million in Digital Transformation; Shares Plunge 8%

MT Newswires

2024/10/15

Singapore Paincare (SGX:FRQ) plans to invest around SG$1.5 million to digitally transform its clinical and medical operations, according to a filing with the Singapore Exchange on Monday.

Through the investment, the company will implement artificial intelligence, internet of medical things and big data analytics in its day-to-day operations across 18 clinics and centers.

Shares of the medical company plunged nearly 8% in recent trading.

Price (SGD): S$2662.60, Change: S$-3.0, Percent Change: -0.11%

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