Hong Leong Group, TPG in advanced talks to buy Asian hospitals

A group of investors including Malaysian conglomerate Hong Leong Group and US buyout firm TPG Capital is in advanced talks to buy hospital operator Columbia Asia,

HONG KONG: A group of investors including Malaysian conglomerate Hong Leong Group and U.S. buyout firm TPG Capital is in advanced talks to buy hospital operator Columbia Asia, according to people familiar with the matter.

A deal could value the hospital business at $1.2 billion, excluding operations in India, said the people, asking not to be identified because the matter is private.