Cuprina Holdings (Cayman) Limited is a Singaporean biotechnology and biomedical enterprise, primarily dedicated to pioneering and bringing to market advanced solutions for the management of persistent wounds. The company produces and supplies its flagship MEDIFLY brand, which features medical-grade sterile blowfly larvae bio-dressing products designed to function as an effective biological debridement tool for chronic wounds. Beyond its core wound care business, Cuprina also extends its operations into the broader health and beauty market, where it provides a range of cosmeceutical items.
Cuprina (Nasdaq: CUPR) to Acquire EBITDA-Positive Seven-Clinic Singapore Healthcare Group
Cuprina Holdings (Nasdaq: CUPR) signed agreements to acquire 100% of East Coast Podiatry Centre (five clinics) and Orchard Clinic Management (two clinics) for approximately S$4.0 million (~US$3.1 million).
The Target Group generated FY2025 unaudited revenue of S$9.1 million and normalized EBITDA of S$1.2 million per management accounts, with 75% of consideration in cash and 25% in locked-up Class A shares; closing is expected on or before November 1, 2026.
The deal gives Cuprina an established clinical platform aligned with its wound-care and collagen technologies, and Cuprina expects to consolidate the Target Group's financial results post-completion.