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.