SINGAPORE: Alliance Healthcare Group Limited’s wholly-owned subsidiary, Alliance Healthcare Pte. Ltd. has signed an agreement with DBS Bank Ltd pursuant to which Alliance and DBS shall collaborate for an initial term of two years to engage in joint marketing activities to promote each other’s products, services and/or platforms.
The Board of Alliance Healthcare Group believes that the Collaboration Agreement will enable Alliance and DBS to leverage each party’s strengths in their respective areas. The Group will gain access to the financial institution’s financial technology, distribution and customer knowledge, while DBS will benefit from the Group’s understanding and experience in the healthcare industry, particularly in delivering cost-effective outpatient healthcare management solutions.
Under the Collaboration Agreement, Alliance shall initially provide a health and wellness programme known as the “Allycare Programme” to customers of DBS who purchase an insurance policy.
The AllyCare Programme is delivered through HeyAlly, Alliance’s proprietary digital health app. Among the other functions, the app provides users access to services such as on-demand tele-medical-advisory, second opinion and a comprehensive panel of medical services. It also comes with an online store which provides access to a range of healthcare and wellness solutions.
The Collaboration Agreement is not expected to have any material impact on the Group’s financial results for the current financial year ending 30 June 2021.