IHH Healthcare has entered into a S$250 million ($196 million) sustainability-linked loan agreement with DBS Bank, Singapore’s largest bank, with part of the financing tied to improving antibiotic usage practices across its four hospitals in Singapore, the companies said on Friday.
Read also – Meta disputes New Mexico’s $3.7 billion teen mental health proposal in ongoing social media trial
- The loan agreement establishes performance targets for Mount Elizabeth, Mount Elizabeth Novena, Gleneagles, and Parkway East hospitals to strengthen reviews of antibiotic use by assessing within 72 hours whether patients still require the treatment after it has begun.
- IHH and DBS said the initiative aims to reduce the misuse of antibiotics, which contributes to the spread of drug-resistant bacteria and makes infections more difficult to treat effectively.
- According to IHH, the program also aligns with Singapore’s nationwide efforts to combat antimicrobial resistance and encourage more responsible antibiotic management practices.
