HBI Deals+Insights / Internationalisation
Global private equity firm KKR and Singaporean sovereign wealth fund GIC have agreed to co-invest nearly $700m in Filipino hospital group Metro Pacific Hospital Holdings Inc (MPHHI) as well as a bond issued by majority-owner conglomerate MPIC, pulling the plug on any immediate IPO. The Philippines is the last major SE Asian market to see big PE money enter its healthcare sector.