Templewater to acquire OncoCare Medical and Novena Heart Centre from Luye Medical Group.

Templewater, a venture capital and private equity firm, agreed to acquire OncoCare Medical, a private oncology practice in Singapore, and Novena Heart Centre, a multi-disciplinary cardiology group practices, from Luye Medical Group, a global healthcare conglomerate. Financial terms were not disclosed. "After an extensive eighteen-month search and evaluation process within the healthcare services space, we are fortunate to have reached agreements with these market-leading providers. We extend our gratitude to Luye Medical Group and the dedicated doctors for their tremendous efforts throughout the negotiation. As an active shareholder, Templewater is committed to supporting the doctors with our capital and resources to facilitate the continued expansion of their practices in the region," Simon Chuk, Templewater Partner.