TPG-backed TE Asia and Altrui to acquire two medical projects in Indonesia for $50m.

TPG Capital-backed TE Asia Healthcare Partners, a healthcare group, and Altrui, a private equity firm, agreed to acquire two medical projects in Indonesia for $50m. Altrui will take a 25% stake in the projects, while TE Asia and doctors in the two facilities will hold the remaining 75%. “This comes at a time when public hospitals in Indonesia are struggling to cope with high patient load, especially amidst the continued expansion of universal health coverage and the ongoing pandemic,” Eng Aik Meng, TE Asia Group CEO.