Hong Leong, TPG buy Columbia Asia's hospitals in three countries for RM5bil


KUALA LUMPUR: The Hong Leong Group, led by billionaire Tan Sri Quek Leng Chan and global alternative asset firm TPG have entered into a deal to acquire Columbia Asia Hospitals in South East Asia for US$1.2bil (RM5bil).

The transaction is expected to close by end of this year, the companies said in a joint statement today.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Healthcare , Hong Leong , TPG , Columbia Asia

Next In Business News

Hazy days for Malaysia’s property sector
Going beyond a centralised housing data bank
Is Malaysia ready for international retirees?
Big Tech’s debt drives credit risk
Zero tolerance for corruption
Lotte Chemical Titan sale sparks hope but challenges remain
Building momentum selectively
Malaysia’s growth story has a missing piece
Ekovest’s rights issue tests investors’ faith
Mr. Robot comes to town

Others Also Read