TPG-backed Columbia Asia to buy Ramsay Sime Darby Healthcare for $1.2 billion

0 3

TPG-backed hospital operator Columbia Asia has agreed to buy Asia-focused private hospital group Ramsay Sime Darby Health Care for 5.7 billion ringgit ($1.2 billion).

A fund led by TPG will invest in the transaction with a number of co-investors, Sime Darby said in a filing late on Friday. Apart from TPG, the Malaysian Workers’ Provident Fund and a wholly-owned subsidiary of the Abu Dhabi Investment Authority are the two largest providers of new capital, which will be used to finance the transaction, he said.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

Leave A Reply

Your email address will not be published.