Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jun, 08 2018

Temasek eyes stake in Asia Healthcare

Asia Healthcare is also in talks with Warburg Pincus and some global pension funds, according to the report.

Temasek eyes stake in Asia Healthcare

Singapore state investor Temasek Holdings is in advanced discussions to pick up 30-35% stake in Asia Healthcare Holdings, a healthcare platform of TPG Growth, for $100 million, The Economic Times reported, citing two people aware of the development.

The funds from the stake sale will be used for growth capital, the report added.

TPG Growth is the middle-market and growth-equity investment platform of global alternative asset firm TPG.

Asia Healthcare currently holds TPG Growth’s investments in Rhea Healthcare Pvt. Ltd, which runs a hospital chain under the Motherhood brand; and Cancer Treatment Services International.

In April 2016, TPG Growth had picked up a 65% stake in Cancer Treatment Services for $33 million. In July 2016, TPG Growth had invested $33 million in Rhea Healthcare for a significant majority stake.

Asia Healthcare is also in talks with Warburg Pincus and some global pension funds, according to the report.

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