KUALA LUMPUR: TPG Inc has chosen Malayan Banking Bhd
and UBS Group AG to help evaluate options for Asia OneHealthcare Sdn Bhd, including a sale or initial public offering (IPO), according to sources.
More advisers are likely to be added if TPG opts for an IPO, the sources said, asking not to be identified because the deliberations are private.
Bloomberg News reported in March that TPG was considering options for Asia OneHealthcare and seeking a valuation of as much as RM30bil for the company.
Considerations are still at an early stage and TPG may decide to keep the Kuala Lumpur-based medical services provider, the people said. TPG, Maybank and UBS declined to comment.
TPG and conglomerate Hong Leong Group bought hospitals owned by Asia OneHealthcare, then known as Columbia Asia Healthcare, for about US$1.2bil in 2019. — Bloomberg
