13-Sep-19, New Straits Times
Hong Leong Financial Group Bhd (HLFG) and private equity firm TPG inked a share purchase agreement to acquire Columbia Asia Hospitals in South East Asia for US$1.2 billion.
Image: New Straits Times
In total, Hong Leong and TPG will acquire 17 Columbia Asia hospitals with a breakdown of 12 hospitals Malaysia, three hospitals in Indonesia and two hospitals and a clinic in Vietnam.
The transaction is expected to be completed by the end of 2019.