Columbia Asia to buy Ramsay Sime Darby Health Care

A deal could be concluded as early as within this week, sources said. — Reuters

SINGAPORE: Columbia Asia, a South-East Asian healthcare firm backed by TPG, has emerged as the frontrunner to buy Malaysia-based private hospitals operator Ramsay Sime Darby Health Care for US$1.5bil, according to sources.

The acquisition will be the largest South-East Asian healthcare acquisition since 2019 when Malaysian conglomerate Hong Leong Group and alternative asset firm TPG bought Columbia Asia’s assets for about US$1.2bil.