Healthway Medical Corporation Limited announced the appointment of Stephens Lo as its new Chief Executive Officer, effective from July 1, 2022. Mr. Lo will be responsible for the overall management and operations of the Company and its subsidiaries. He will succeed Dr Khor Chin Kee, who will be completing his existing service agreement on 30 June 2022.

To ensure continuity of leadership and enable the Company to continue to benefit from Dr Khor's expertise and knowledge, Dr Khor will join the Board of Directors as a non-independent, non-executive director. Mr. Lo brings to HMC extensive experience in the healthcare sector, including 13 years with IHH Healthcare Group. He was CEO of IHH's hospitals in Singapore, namely Mount Elizabeth Novena and Mount Elizabeth Orchard, as well as Chief Operating Officer of Gleneagles Hospital.

He joins HMC from local healthcare technology start-up Smarter Health Pte. Ltd., where he was its Chief Strategy Officer.