KUALA LUMPUR: TPG, a leading global alternative asset management firm, has
announced the establishment of One Aged Care, a senior healthcare services group operating across Singapore and Malaysia.
In a statement, TPG said One Aged Care, undertaken by its mid-market growth fund in Asia, brings together three complementary businesses – ECON Healthcare, Orange Valley Nursing Homes, and Ambulance Medical Service (AMS), under a unified holding structure. It said the platform aims to deliver high-quality, integrated care services across the community and aged care continuum.
The companies will continue to operate under their respective brands in the market.
One Aged Care launches with 16 nursing home facilities with more than 2,400 bed capacity across Singapore and Malaysia, as well as emergency ambulances and medical transport services.
It will leverage resource sharing to enhance coverage and standards of care, providing the community with greater access to value-added services.
"The establishment of One Aged Care comes at a time when demographic ageing is accelerating, and care needs are becoming increasingly complex. The sector must continue to evolve towards sustainable and scalable models that deliver meaningful outcomes," said newly appointed Aged Care group CEO Ong Hui Ming.
