An employee walks past the logo of Temasek Holdings Pte at the company's headquarters, in Singapore, on July 8, 2010. — Bloomberg
AC Health, the healthcare arm of the Philippines' oldest conglomerate Ayala Corp, said on Monday that a private equity firm backed by Singapore's state-investor Temasek will acquire a 16% minority stake in the company.
In August 2024, Reuters reported that the Ayala Corp was keen on selling a minority stake in its healthcare business, which would value the company at up to $500 million.
