Mobile-health Network Solutions (Nasdaq: MNDR), a leading telehealth solutions provider in Singapore, today announced that the Company has been ranked number 41 in the Financial Times annual listing of 500 high-growth Asia-Pacific companies. The listing, published March 13, was based on the company’s revenue growth between 2019 and 2022.
During this period, MaNaDr Pte Ltd, a telehealth platform operated by Mobile-health Network Solutions (the “Company”), achieved an absolute growth rate of 1,428.5 percent and a compound annual growth rate (CAGR) of 148.2 percent.
“We are thrilled and humbled to be included on this prestigious list,” stated Co-Chief Executive Officer Dr. Siaw Tung Yeng, PBM, Senior Consultant Family Physician. “As a leading telehealth provider in the APAC region, we have endeavored to enhance and broaden our offerings to our patients and medical practitioners. As a result, our platform has achieved significant popularity among patients due to its combination of convenience, quality, and affordability, while ensuring fair compensation for our medical professionals.”
Co-Chief Executive Officer Dr. Rachel Teoh Pui Pui, PBM, Family Physician, added, “Drawing from our own experiences as medical practitioners, Dr. Siaw and I have continually refined our platform’s services, streamlining operations through our in-house technologies to alleviate the administrative burdens some of our peers often face. We believe this user-centric approach has been pivotal to our rapid growth."
MNDR began trading on Nasdaq on April 10, 2024, following an initial public offering generating total gross proceeds of US$9.0 million. The Company plans to allocate approximately 45 percent of the net proceeds to product and business development, with an additional 30 percent earmarked for potential mergers and acquisitions, and the remaining 25 percent for general corporate purposes.
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