(Corrects to say $196 million, not $194 million, in the headline to align with the currency conversion in the lead paragraph) SINGAPORE, May 15 (Reuters) – IHH Healthcare has signed a S$250 million ($196 million) sustainability-linked loan with Singapore’s biggest bank DBS that ties part of the deal to better use of antibiotics at its […]
Health
IHH, DBS sign $196 million loan for safer antibiotic use
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(Corrects to say $196 million, not $194 million, in the headline to align with the currency conversion in the lead paragraph)
SINGAPORE, May 15 (Reuters) – IHH Healthcare has signed a S$250 million ($196 million) sustainability-linked loan with Singapore’s biggest bank DBS that ties part of the deal to better use of antibiotics at its four Singapore hospitals, the companies said on Friday.
• The loan sets targets for Mount Elizabeth, Mount Elizabeth Novena, Gleneagles and Parkway East hospitals to improve checks on whether patients still need antibiotics within 72 hours of starting treatment.
• IHH and DBS said the goal is to cut misuse of antibiotics, which can help drug-resistant bacteria spread and make infections harder to treat.
• IHH said the plan supports Singapore’s national effort to fight antimicrobial resistance.
($1 = 1.2772 Singapore dollars)
(Reporting by Yantoultra NguiEditing by Shri Navaratnam)