Asia: Hong Leong and TPG win race for Columbia Asia

Malaysian conglomerate Hong Leong Group and private equity firm TPG have won the race to buy Columbia Asia’s 17 hospitals and one clinic in Southeast Asia for US$1.2bn. The hospitals, totalling 1,400 beds in are in Malaysia, Indonesia, and Vietnam. The deal is expected to complete before the year end. The group’s 11 hospitals in…

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