Hong Leong, TPG acquire Columbia Asia hospitals in Southeast Asia

13 Sep 2019 / 17:09 H.

KUALA LUMPUR: Hong Leong Group and private equity firm TPG Group have jointly won a bid to acquire Columbia Asia Hospitals in Southeast Asia worth US$1.2 billion.

Both parties recently entered into a definitive share purchase agreement, which is expected to close at the end of this year.

The transaction includes all 17 hospitals and one clinic in Malaysia, Indonesia and Vietnam. - Bernama

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