This article first appeared in The Edge Malaysia Weekly on February 26, 2024 – March 3, 2024
A streamlining of healthcare assets owned by US private equity firm TPG, its investee platform TE Asia Healthcare Partners and partner Hong Leong Group under one entity to create a mega healthcare group — with hospitals across Malaysia, Indonesia and Vietnam — is currently being worked on, according to sources.
“Columbia Asia will be the vehicle for the consolidation,” says a source.
The exercise could see the healthcare assets fetch a valuation of around RM15 billion. It is understood…
