TPG-backed TE Asia to expand specialty healthcare in Singapore, Malaysia and Indonesia

Private group will invest a further US$90m over the next 18 months in these countries to set up doctor-owned specialty centres and hospitals for oncology, cardiology and orthopaedics

Angela Tan

Published Mon, Apr 19, 2021 · 05:50 AM

Health

Singapore

AFTER investing US$170 million in its South-east Asia portfolio of specialty centres and hospitals focusing on oncology, cardiovascular and orthopaedics, TE Asia Healthcare Partners will be injecting a further US$90 million over the next 18 months to increase its regional footprint in Singapore, Malaysia and Indonesia.

In an interview with The Business Times, Eng Aik Meng, group chief executive officer of the Singapore-based private specialty healthcare group backed by US private equity giant TPG Capital, said the Covid-19 had not significantly affected its strategic timeline.

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