Hong Leong Group and TPG Announce Agreement to Acquire Columbia Asia Hospitals in South East Asia
- Transaction includes all hospitals in
Malaysia ,Indonesia andVietnam -
India operations continue with no changes
Hong Leong and TPG will acquire 17 Columbia Asia Hospitals and 1 clinic located in
“We are extremely excited to be entering the healthcare space and believe Columbia Asia Hospitals, with its current scale and uniquely differentiated business model, offers the right platform to capture the robust healthcare growth in
Tunku Ali Redhauddin, Senior Advisor at TPG, commented, “As Asia’s healthcare market continues to grow significantly, we see a compelling opportunity for Columbia Asia Hospitals to expand and scale regionally. Columbia Asia Hospitals provide accessible, affordable, and high-quality care in several countries, operating under one cohesive, recognisable brand. We are excited by the Group's modern and innovative approach and look forward to working closely with Hong Leong and the hospital's management team to continue to grow Columbia Asia Hospitals' footprints across South East Asia.”
Columbia Pacific Management will continue to hold a minority interest in the business through
On signing of the agreement
Columbia Asia Hospitals strives to offer comprehensive value-added private healthcare services and makes a positive difference to the lives of its patients and their families. The hospitals are built for efficiency and practicality that facilitates smooth patient flow and easier access to allied needs of pharmacies, laboratories and also specialty services such as radiology and, physiotherapy.
About
About TPG
TPG is a leading global alternative asset firm founded in 1992 with more than
About Columbia Asia
Columbia
About Columbia Pacific Management
Columbia Pacific Management (CPM), based in
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Source: Columbia Pacific Management
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