Following the failure of acquiring the British football club Liverpool, Peter Lim, the billionaire from Singapore has decided to settle down for Thomson Medical hospital.

He is going to take charge of Thomson Medical, which is presently running a woman-and-child-care hospital in the republic. He is reputed to be a savvy investor.

The general offer which he made was worth 513 million dollars following the purchase which his private firm made of 39.34 percent stake in the company. They bought this share from the founder of the company, Dr Cheng Wei Chen and his family, who also held the largest number of shares.

The shares were sold by Dr Cheng and his family at a price of 1.75 dollars per piece for almost 202 million dollars. The offer of cash will also be thrown open to the shareholders who have a minority shareholding under the Singapore Code on Takeovers and Mergers.

The offer price is also going to indicate a premium of 62 percent during the last traded price of Thomson Medical. The company value has been estimated to be 513 million dollars approximately after this transaction.