Singapore Paincare

What Singapore Paincare does

Singapore Paincare Holdings is a Singapore-based, publicly-listed medical services group (SGX: FRQ) that operates a network of specialist pain clinics focused on diagnosing and treating chronic and acute pain conditions. The Group's flagship Singapore Paincare Center operates from Paragon Medical Centre and Mount Elizabeth Novena Specialist Centre, treating more than 40 pain conditions across musculoskeletal, neurological, cancer, gynaecological and general categories. Services are delivered through direct-to-consumer channels (website pain questionnaire, hotline, walk-ins) and supplemented by doctor referrals and structured insurance partnerships with Income, Great Eastern, MHC, IHP, Prudential, Singlife, Fullerton Health and Adept Health.

The clinical differentiator is the proprietary Painostic® system, developed by founder and Consultant Pain Specialist Dr. Bernard Lee Mun Kam (over 20 years of clinical practice). Painostic® is a proprietary diagnostic and treatment methodology that assesses medical history, posture, and pain-pattern analysis to identify pain sources beyond standard scans, producing personalized minimally invasive treatment plans. The proprietary portfolio includes two named treatment protocols, MYOSPAN and NEUROSPAN, registered under the Painostic® brand. Adjacent ecosystem entities include Singapore Paincare Academy (training), Singapore Paincare TCM (Traditional Chinese Medicine), PTL Spine & Ortho, MSMC Clinic, CSS Screening & Surgery, and Drplus, positioning the Group as a multi-modality specialist platform.

The business model is fee-for-service specialist medical care (consultations and minimally invasive procedures) reimbursed through a mix of patient out-of-pocket payments and partner-insurer direct billing. The Group has 101–250 employees. Capital-markets activity in late 2025 is a material risk factor: a privatization bid by Advance Bridge Healthcare at S$0.16 per share failed to meet scheme conditions by the November 27, 2025 deadline due to funding shortfalls, share trading resumed December 8, 2025, and the company's last traded price remained below its 2020 IPO price of S$0.22.

Name

Singapore Paincare

Legal name

Singapore Paincare Medical Group

Website

https://sgpaincareholdings.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Singapore Paincare Holdings is a Singapore-based, publicly-listed specialist medical group that diagnoses and treats chronic and acute pain via clinic locations at Paragon Medical Centre and Mount Elizabeth Novena Specialist Centre, using its proprietary Painostic® methodology developed by founder Dr. Bernard Lee Mun Kam.

Ownership category

akta.pro rank

Product category

Pain Management Services

NAICS

Offices of Physicians (62111), Freestanding Ambulatory Surgical and Emergency Centers (621493)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011)

akta.pro primary industry

Pain Management Clinics (Interventional & Medical) (HLAFABAH)

akta.pro secondary industries

Pain Medicine (Interventional/Neuropathic Pain) (HLAKAIAM), Pain Management (Spine & Musculoskeletal) (HLAKALAM), Pain Management & Interventional Procedure Centers (HLAFAIAH)

Keywords

• Chronic pain treatment
• Pain management services
• Interventional pain procedures
• Specialist medical clinics
• Minimally invasive treatments

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Medical Consultations and Treatments: Revenue generated from specialist pain consultations, diagnostic assessments using the Painostic® system, and minimally invasive pain treatment procedures at their clinic locations.
2. Insurance Reimbursements: Revenue from partnerships with major insurance providers including Income, Great Eastern, MHC, IHP, Prudential, Singlife, Fullerton, and Adept Health, which provide coverage for specific doctors and treatments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Singapore Paincare delivers specialist medical consultations, diagnostic assessments using its proprietary Painostic® methodology, and minimally invasive interventional pain treatments for chronic and acute pain conditions. Services are provided through flagship clinics at Paragon Medical Centre and Mount Elizabeth Novena Specialist Centre, covering over 40 pain conditions across neck/back, foot, shoulder, knee, head, hand/arm, abdomen/pelvis, genital, cancer, and generalized pain categories.

Product overview

Singapore Paincare is a medical group operating as a unified healthcare platform with its flagship clinic (Singapore Paincare Center) and proprietary pain assessment/treatment system (Painostic®). The portfolio includes specialized pain management clinics, proprietary treatment products (Myospan, Neurospan), and affiliated medical services brands (DrPlus, TCM, PTL Spine, CSS, MSMC) operating across multiple specialist centers in Singapore. The company provides minimally invasive pain treatments through a network of consultant pain specialists.

Differentiator

Problem solved

Functional benefit

Brands

• Painostic®: Proprietary pain assessment system developed by Singapore Paincare that uncovers the true source of pain by looking beyond scans to assess medical history, posture and pain patterns.

Products and services

• Singapore Paincare Center

Quantifiable outcome

• Minimally invasive treatment options for faster recovery and minimal downtime

Named customers1 record

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

22 partnerships are on record, tiered core, supporting and minor.

• Income (NTUC Income)coreOthersInsurance partner providing health coverage for Singapore Paincare treatments. Coverage applies to specific doctors.
• Great EasterncoreOthersInsurance partner providing health coverage for Singapore Paincare treatments. Coverage applies to specific doctors.
• MHC (Managed HealthCare)supportingOthersInsurance partner providing health coverage for Singapore Paincare treatments.
• IHPsupportingOthersInsurance partner providing health coverage for Singapore Paincare treatments.
• PrudentialcoreOthersInsurance partner providing health coverage for Singapore Paincare treatments. Coverage applies to specific doctors.
• SinglifesupportingOthersInsurance partner providing health coverage for Singapore Paincare treatments.
• Fullerton HealthsupportingOthersInsurance partner providing health coverage for Singapore Paincare treatments.
• Adept HealthsupportingOthersInsurance partner providing health coverage for Singapore Paincare treatments.
• KT&T Group of CompaniesminorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• InternominorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• CS CeramicheminorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• ATMS (Asian Travel Medical Services)minorChannel Partner/ Reseller/ DistributorPartner company listed in the Our Partners section of Singapore Paincare website.
• ZublinminorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• Uniscaffold Pte LtdminorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• ShengYi DevelopmentminorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• S11minorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• Hovi-CareminorStrategic or Co-development PartnerPartner company listed in the Our Partners section of Singapore Paincare website.
• DrplusminorStrategic or Co-development PartnerRelated medical company under the group of companies, shown in footer as partner/affiliate.
• Singapore Paincare TCMsupportingStrategic or Co-development PartnerTraditional Chinese Medicine arm of the group, offering integrated pain management services.
• PTL Spine & OrthominorStrategic or Co-development PartnerRelated medical company under the group of companies, shown in footer as partner/affiliate.
• CSS (Screening & Surgery)minorStrategic or Co-development PartnerRelated medical company under the group of companies, shown in footer as partner/affiliate.
• MSMC ClinicminorStrategic or Co-development PartnerRelated medical company under the group of companies, shown in footer as partner/affiliate.

Scale indicators3 records

Recent moves7 records

Expansion highlights4 records

Regional players

• TMC Life Sciences Berhad: Malaysia-listed healthcare group operating specialist hospitals and fertility services. Comparable as a regional, publicly listed specialist healthcare platform with a similar clinic-and-specialist model.
• Siloam International Hospitals: Indonesia-listed private hospital group with a broad specialist footprint. Comparable as a regional publicly listed private specialist healthcare operator across Southeast Asia.

Direct peers

• Q&M Dental Group: Singapore-listed specialist healthcare group running a clinic network across Singapore. Comparable as a small-cap SGX-listed clinic-roll-up model in specialist services.
• Healthway Medical Group: Singapore-based chain of medical clinics and specialist centers offering family medicine and specialist consultations. Comparable as a Singapore-clinic-chain competitor targeting insured and self-pay patients.
• The Pain Clinic: Singapore-based specialist pain management practice. Directly competes with Singapore Paincare for the same chronic-pain patient segment in the same Singapore market.
• TalkMed Group: Singapore-listed specialist medical services provider focused on oncology and physician-led specialty care. Comparable as a small-cap SGX-listed specialist clinic operator reliant on senior consultants.
• Asian Healthcare Specialists: Singapore-listed specialty medical services group with a similar small-cap, multi-clinic, specialist-consultant model. Closest direct structural comparable on the SGX.
• Raffles Medical Group: Singapore-listed multi-specialty medical group operating clinics and specialist centers. Highly comparable as a homegrown Singapore specialist healthcare operator with a similar public-company profile and Singapore-only footprint.

Broad incumbents

• IHH Healthcare Berhad: One of the largest healthcare operators in Asia, headquartered in Malaysia with Singapore-listed exposure (via Mount Elizabeth, under which Singapore Paincare also leases space). Comparable as a broader incumbent that also competes for premium Singapore specialist volumes.
• Bangkok Dusit Medical Services (BDMS): Thailand-listed hospital operator and one of Asia's largest private healthcare networks. Comparable as a regional incumbent private healthcare group that competes for medical-travel and specialty volumes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/sgpaincare
• Facebookfacebook.com/SgPaincare
• LinkedInsg.linkedin.com/company/sgpaincare
• Instagraminstagram.com/SgPaincare

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Singapore Paincare