News: Healthway

Singapore, 29th July 2011 – Healthway Medical Corporation Limited (the “Company” or
“Healthway”) is pleased to announce that the Health Promotion Board (“HPB”) has
awarded the Company a tender to provide on-site mental health screening services.
Under this pilot initiative spearheaded by HPB, Healthway nurses will conduct mental
health screenings for elderly residents at seven community locations including Hougang,
Woodlands and Choa Chu Kang.

Elderly residents above 50 years old will be screened by nurses using the Geriatric
Depression Scale, a validated screening tool. Based on the preliminary assessment, the
nurses will advise the participants accordingly, either to seek consultations with our onsite
Consultant Psychiatrists from Nobel Psychological Wellness Clinic, a specialist
practice of Healthway or seek further treatment at nearby polyclinics and community
counselling support services.

Dr Marcus Tan of Nobel Psychological Wellness Clinic said, “We are excited to be
involved in this meaningful HPB initiative. Together with HPB and my Healthway
colleagues, we hope to further raise awareness for geriatric depression and allow those
afflicted to know that help is readily available.

Old age can be an especially challenging stage in our lives. Apart from having to
negotiate various losses, individuals may also have to live with medical illnesses. The
latter especially can have an impact on our mood or vice versa. As such, it is not
surprising that the prevalence of depression is significantly higher in the elderly
compared to other age groups,” he added

Mr Lam Pin Woon, President and Executive Director of Healthway said, “We are pleased
to be selected by HPB to provide these mental health screening services to the elderly
residents in the community. This is evident that on top of our well established general
practitioner, specialist, dental and medical aesthetics network of clinics, we have also
built a creditable psychological wellness practice. We are glad to have this great
opportunity to touch the lives of people in Singapore and by doing so, we hope to play
our part to make healthcare more accessible and affordable to the masses.”

source: http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BEF69C27E8854694482578DC003F9494/$file/PressRelease.pdf?openelement

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Wonder if the above will translate to good financial benefit to healthway?