TPG Capital and Hong Leong to acquire Columbia Asia Hospitals in South East Asia for $1.2bn.

TPG Capital and Hong Leong, which provides commercial banking and related financial services, agreed to buy 17 Columbia Asia Hospitals in South East Asia for $1.2bn. The buyers will each own 50% of the acquired assets. Hong Leong and TPG will acquire 17 Columbia Asia Hospitals and one clinic located in Malaysia (12 hospitals), Indonesia (3 hospitals) and Vietnam (2 hospitals and 1 clinic). “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, recognizable 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' footprint across South East Asia,” Tunku Ali Redhauddin, TPG Senior Advisor.