Singapore’s Temasek targets China’s healthcare with joint venture
19-Oct-16, Business Wire
Columbia Pacific Management, one of the largest and fastest-growing healthcare providers in Asia, is partnering with Temasek, an investment company based in Singapore, on a joint venture that will provide China’s growing middle-class population with affordable, patient-centered care across a spectrum of healthcare and senior services.
%20The%20Business%20Times.jpg "Singapores Temasek targets Chinas healthcare with joint venture (c) The Business Times")
Image: The Business Times
Temasek is investing about $250 million USD in Columbia China, the China healthcare arm of Seattle’s Columbia Pacific Management, which will result in a 50/50 joint venture with Columbia Pacific. Columbia China currently has a 220-bed orthopedic hospital, two multi-specialty clinics and three senior living facilities in Shanghai and Beijing. The company is also developing three multi-specialty hospitals of 300-500 beds, in Wuxi, Jiaxing and Changzhou, as well as a 300-bed senior living facility in Ningbo and a growing pipeline of other projects across China.
The partnership with Temasek will enable Columbia China to further expand in China through acquisitions and greenfield projects.