Temasek-Backed Foundation Healthcare Said to Mull Singapore IPO

Foundation Healthcare, backed by Singapore investment firm Temasek Holdings Pte., is considering an initial public offering that could value the medical group at more than $1 billion, according to people with knowledge of the matter.

Singapore-based Foundation Healthcare is reaching out to prospective financial advisers about working on an offering that might take place next year, the people said, asking not to be identified because the deliberations are private. The company could raise as much as $300 million from the IPO, one of the people said.

Talks are ongoing and details such as size and timing could change, they ...