SINGAPORE: TE Asia Healthcare Partners, backed by private equity firm TPG Capital, expects to achieve a valuation of US$1bil (RM4.13bil) in five years as it expands in South-East Asia, according to its chief executive officer.
The Singapore-based company plans to invest US$90mil mainly in Malaysia and Indonesia this year, building new cardiac hospitals and repurposing an existing medical facility in Kuala Lumpur into an orthopedic center, Eng Aik Meng said in an interview. That would take TE Asia’s total investment to US$260mil by the end of this year, he added.
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