Singapore

 

Parkway Life acquires 11 nursing homes in France from DomusVi

Parkway Life Real Estate Investment Trust (PLife REIT), one of Asia’s largest listed healthcare REITs, has acquired 11 nursing homes in France in a sale and leaseback arrangement for €111.2m (roughly S$159.9 million) from DomusVi, one of Europe’s largest nursing and retirement home providers. The deal marks PLife REIT’s maiden acquisition in Europe, as part of its long-term strategy to grow its presence in the region and the UK. 
October 25, 2024

WhiteCoat acquires Good Doctor, creating Southeast Asia’s “largest digital healthcare group”

Singapore-based digital healthcare group WhiteCoat Global is acquiring Good Doctor Indonesia, a telemedicine platform with the largest insurer and corporate client network in Indonesia. WhiteCoat, which connects patients with payers and providers to deliver primary, specialist, and allied care, said in a statement the ‘landmark deal will create the region’s largest and most comprehensive digital healthcare group’. Thalia Georgiou, Managing Partner, Healthcare Advisory at Asia Care Group, also offers her perspective on the deal.
October 17, 2024

Hillhouse and EQT vie to acquire global BPO provider GeBBS

The sale of US-based healthcare BPO firm GeBBS Healthcare Solutions has entered its final stage, with Asian and European funds competing for acquisition. Hong Kong’s Hillhouse Investment has emerged as the frontrunner and is reported to have offered approximately USD $870 million for a 100% stake, slightly ahead of Sweden’s EQT Partners' bid of $855-860 […]
August 29, 2024

HBI News Round Up, Friday 23rd August 2024

In this HBI News Round Up we cover Hallo Healthcare Group’s exit from the healthcare services sector, Genesis MedTech’s sale of its subsidiary, JC Medical Inc to Edwards Lifesciences, biopharmaceutical company, Vertex Pharmaceuticals obtaining of a licence for CASGEVY in the UK, disease risk detection and preventative health company, Nightingale Health’s attaining of UK Conformity […]
August 23, 2024

CVC Capital acquires major stake in Indonesia’s Siloam Hospitals, signalling rising PE interest in Southeast Asia healthcare

CVC Capital Partners, a Luxembourg-based private equity firm, has acquired an additional 45% stake in Indonesia's chain of multi speciality hospitals, Siloam Hospitals, from the country’s conglomerate Lippo Karawaci for 16.6 trillion rupiah ($1 billion), making CVC the majority shareholder. This transaction, involving 5.85 billion shares, was announced on the Indonesia Stock Exchange.
August 16, 2024

Temasek to invest up to $10 billion in India, with focus on healthcare

Singapore state investor Temasek plans to invest up to $10 billion in India over three years, focusing on healthcare and financial services, Reuters reported on Monday. Foreign investors are increasingly interested in Indian hospital chains and healthcare groups, which are expanding into smaller cities to meet rising demand as public hospitals remain overburdened and inefficient. 
July 16, 2024

Far East Drug Co. acquires majority stake in Singapore’s Fullerton Health

Fullerton Health Corporation Limited (Fullerton Health), a multinational occupational health care provider in the Asia-Pacific region, confirmed on Tuesday that pharmaceutical company Far East Drug (B.V.I.) Co. Ltd (FED) is acquiring a significant stake in the Singapore-headquartered group.
May 3, 2024

Fullerton founders charged with bribing insurer

The three founders of Asia-Pacific occupational health care provider Fullerton Healthcare have been charged for paying bribes to the (now former) CEO of insurance and professional services firm Aon Singapore. A regional source tells us this is an example of the risks that come with having a more free-wheeling private health sector.
February 21, 2024

Quadria investing $1.5bn into South and SE Asia

Singapore-based private equity firm Quadria Capital is set to inject $1.5bn worth of healthcare investments into South and South East Asian countries over the next two to three years. In line with growing trends, India stands to win big, earmarked to receive roughly 50% of the investment.
January 25, 2024
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