Hong Leong and TPG to buy 17 Columbia Asia hospitals for US$1.2b

KUALA LUMPUR – Hong Leong Group and private equity firm TPG announced its US$1.2 billion (RM5.01 billion) acquisition of Columbia Asia Hospitals in South East Asia.

Hong Leong and TPG will acquire 17 Columbia Asia hospitals and clinic in Malaysia Indonesia and Vietnam.

However 11 hospitals in India are excluded in the acquisition and will continue to operate with under existing ownership of International Columbia US, LLC, a Seattle-based investment firm.

Columbia Asia started its operation in Asia in 1996, delivering high quality, affordable healthcare in Southeast Asia The deal is expected to close at the end of 2019.

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