Singapore, 29 November 2022 – PulseSync Pte. Ltd. (“PulseSync”) is pleased to announce that it has entered into a strategic partnership with Perennial Holdings Private Limited (“Perennial”), an integrated real estate and healthcare company, with Perennial’s wholly owned subsidiary Perennial Healthcare Pte. Ltd. taking an equity stake in PulseSync.

PulseSync is a leading eldercare information technology enabler in Singapore. The firm’s eldercare software, IngoTPCC®, a cloud-based care management system, and Raisoft®, their evidence-based interRAI care assessment software, are widely adopted by more than 60 service providers, including nursing homes, senior care centres, active ageing centres, home care agencies and hospices, across the city state. PulseSync also delivers Gym Tonic®, an evidence-based “Exercise-As-Medicine” strength training programme for seniors. The popular Gym Tonic® strength training programme, accessible at over 30 sites across Singapore, has been instrumental in helping community-dwelling seniors combat frailty and stay strong.

Perennial, on the other hand, has an established healthcare business in China focusing on hospitals and medical centres, regional healthcare hubs, as well as eldercare and senior housing. Its successful and seamlessly integrated eldercare services include eldercare, medical care, rehabilitation care and dementia care. Perennial also owns and manages a portfolio of integrated healthcare-centric transit-oriented developments in China. The Singapore-headquartered firm’s healthcare business spans across 13 Chinese cities with a portfolio of over 20,000 beds, comprising approximately 11,000 operating beds and a committed pipeline of over 10,000 beds.

Mr Ken Tan, Managing Director of PulseSync, said, “We are greatly honoured by Perennial’s belief in our vision and are eager to move forward with like-minded affiliates to achieve our goal of transforming the eldercare sector. The partnership with Perennial will strengthen our balance sheet as we seek to further entrench our leadership position in the local market and grow overseas. We also seek to support Perennial’s foray into the Singaporean eldercare market with our expertise and experience.”

Spokesperson of Perennial said: “We are pleased to collaborate with PulseSync, a leading provider of aged care information technology solutions in Singapore. This partnership marks our maiden healthcare business investment in Singapore and aligns with our plans to replicate our established China integrated eldercare services platform on home ground. We believe the integration of our proprietary solutions, expertise and operating track record in our respective healthcare markets will bring forth significant synergies as we scale up in the region.”

The partnership comes at a strategic time as Singapore’s healthcare sector is gearing up to meet the challenges of a looming silver tsunami. Singapore’s population is ageing rapidly, according to the Population in Brief report by the National Population and Talent Division, with citizens aged 65 and above projected to form one in four, or 23.8%, citizens by 2030.[1]

Perennial’s equity investment as part of the strategic partnership will provide important resources to help accelerate PulseSync’s implementation speed of IngoTPCC® and expand capacities to fulfil increasing demand from eldercare service providers. The strategic partnership will also provide opportunities for PulseSync to expand Gym Tonic® to overseas markets, more immediately to China where Perennial has a strong presence.

Since PulseSync was conferred as one of the laureates of the international Fit For Life Awards in 2021, Gym Tonic® has been gaining traction. There is increasing interest for Gym Tonic® because it is safe, hassle-free, evidence-based and most importantly, effective. Locally, the expansion of Gym Tonic® is aligned with the national vision of public health partners to improve population health drastically by 2030, as evidenced in recent years’ national health policies like the ‘3 Beyonds’ of policy vision ‘Healthcare 2020’ as well as ‘Healthier SG’. As the public healthcare strategy moves towards the direction of sustainability, the harnessing of technology to transform care practices in the community is even more relevant today.

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About PulseSync (www.pulsesync.com)

PulseSync Pte. Ltd. (“PulseSync”) aspires to transform aged care for the future us where people can age better. We envision the eldercare sector being altruistically driven by personalised care; independent seniors that are frail-less and fearless of ageing, enjoying their golden years.

Leveraging on practical disruption, innovation and technology, our flagship products are IngoT® (care management software), Gym Tonic® (strength training solution for seniors), and Raisoft® (interRAI care assessment software). IngoTPCC® is a holistic cloud-based care management system which drives productivity, improves operational insights and empowers aged care providers to better focus on what they do best, Person-Centered-Care. While Gym Tonic® embraces “Exercise As Medicine” by mainstreaming strength training for seniors with an evidence-based, extremely safe and easily accessible solution to tackle age-related frailty and loss of muscle mass, thus extending their independence.

Founded in 2007, PulseSync is strategically headquartered in Singapore, with a wholly owned subsidiary in Malaysia. We are purpose driven to serve and transform the myriad of aged care providers such as nursing homes, day rehabilitation centres, senior care centres, home care providers, hospices, and national care coordination agencies. More insights and testimonials can be found at http://pulsesync.com/.

About Perennial (www.perennialholdings.com)

Perennial Holdings Private Limited (“Perennial”) is an integrated real estate and healthcare company headquartered in Singapore. As a real estate owner, developer and manager, Perennial focuses strategically on large-scale mixed-use developments and has a presence in China, Singapore, Malaysia, Indonesia and Sri Lanka with a combined portfolio spanning about 80 million square feet in gross floor area.

Perennial is also a healthcare services owner, operator and manager in China with three core business segments, being Hospitals and Medical Centres, Healthcare Hubs, as well as Eldercare and Senior Housing. Its integrated eldercare services include nursing care, medical care, rehabilitation care and dementia care. Perennial’s healthcare business spans across 13 Chinese cities with over 20,000 beds, comprising approximately 11,000 operating beds and a committed pipeline of over 10,000 beds.

In China, Perennial is a dominant commercial developer with large-scale mixed-use integrated developments. Five of Perennial’s developments, Chengdu East High Speed Railway (“HSR”) Integrated Development, Perennial Xi’an North HSR International Healthcare and Business City, Perennial Tianjin South HSR International Healthcare and Business City, Perennial Kunming South HSR International Healthcare and Business City, as well as Hangzhou West HSR Integrated Development, are situated adjacent to five of the country’s largest HSR stations, majority of which are regional healthcare-centric integrated developments which comprise medical, healthcare and eldercare facilities. Other notable projects in Perennial’s portfolio include Beijing Tongzhou Integrated Development.

In Singapore, Perennial has invested in and/or manages prime iconic properties, such as Capitol Singapore, CHIJMES, 8 Shenton Way, Golden Mile Complex, Chinatown Point, Perennial Business City and Caldecott Hill site, located in the Civic District, Central Business District, Jurong Lake District, as well as prime city and premium residential areas.

For media inquiries, please contact:

Corporate Development Department

Email: cd@pulsesync.com

[1] “S’pore population ageing rapidly: Nearly 1 in 5 citizens is 65 years and older” article, dated 27 September 2022