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Sunday, July 20, 2025

Medcorp IPO fully subscribed

by

21 days ago
20250628
St Clair Medical Centre, one of the key private healthcare facilities operated by Medcorp Ltd.

St Clair Medical Centre, one of the key private healthcare facilities operated by Medcorp Ltd.

ROGER JACOB

Pri­vate health­care provider, Med­corp, said last night that its Ini­tial Pub­lic Of­fer­ing (IPO) of 350,000 or­di­nary shares at $48 a share was ful­ly sub­scribed and raised the $16.8 mil­lion ex­pect­ed.

In a news re­lease, Med­corp said the IPO was sub­scribed at ex­act­ly 100 per cent and all valid ap­pli­ca­tions have been al­lo­cat­ed in full ac­cord­ing to the amounts for which the in­vestors in the com­pa­ny ap­plied.

Med­corp said the list­ing date is ex­pect­ed to be Ju­ly 7, 2025, on the Trinidad and To­ba­go Stock Ex­change’s Small & Medi­um En­ter­prise (SME) mar­ket. Trad­ing of Med­corp shares is ex­pect­ed to com­mence on Ju­ly 7, 2025 un­der the sym­bol MED.

Med­corp is an op­er­a­tor of pri­vate health­care fa­cil­i­ties lo­cat­ed in north-west Trinidad, com­pris­ing:

• ↓St Clair Med­ical Cen­tre (for acute care and spe­cialised fa­cil­i­ties);

• ↓Good­health Med­ical Cen­tre (for pre­ven­ta­tive and am­bu­la­to­ry care);

• ↓The Bri­an Lara Can­cer Treat­ment Cen­tre (for on­col­o­gy, ra­dio­ther­a­py and chemother­a­py); and

• ↓Doc­tors Ra­di­ol­o­gy Cen­tre (for di­ag­nos­tic imag­ing).

In the news re­lease, the com­pa­ny’s board of di­rec­tors ex­tend­ed its sin­cere grat­i­tude to all in­vestors for their con­fi­dence in the Com­pa­ny and looks for­ward to de­liv­er­ing val­ue to its new share­hold­ers.

Med­corp al­so thanked its ad­vi­sors Re­pub­lic Bank Ltd (lead in­vest­ment ad­vis­er), Re­pub­lic Wealth Man­age­ment Lim­it­ed (lead stock­bro­ker), and M Hamel-Smith & Co (at­tor­neys-at-law). The com­pa­ny al­so ac­knowl­edges BDO Trin­i­ty (au­di­tor) for its in­de­pen­dent fi­nan­cial over­sight through­out the IPO process.


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