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TPG eyes Singapore healthcare co sale

Private equity firm TPG is considering selling its Singapore-based healthcare company TE Healthcare Partners and is seeking a valuation of almost $1 billion for the business, according to a report by the Edge.

Private equity firm TPG is considering selling its Singapore-based healthcare company TE Healthcare Partners and is seeking a valuation of almost $1 billion for the business, according to a report by the Edge.

Unnamed sources with knowledge of the matter have said that several investment funds and other hospital operators have shown preliminary interest in acquiring the company, which was co-founded by group chief executive officer Eng Aik Meng and TPG in 2014, and focuses on oncology, cardiology, orthopaedics and aesthetics, according to its website.

The company operates clinics and hospitals in locations including Singapore, Hong Kong, Malaysia, Thailand and Indonesia.

According to the sources, considerations are still at at an early stage and TPG could yet decide against a sale. 
 

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