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.

Hong Leong Group and TPG to acquire 17 Columbia Asia hospitals(c)New Straits Times

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.

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