GIC, KKR buy 42.5% stake in Philippines' biggest hospital chain for 35b pesos
The deal values Metro Pacific Hospital Holdings at 83b pesos or US$1.61b
Singapore
SINGAPORE'S sovereign wealth fund GIC and private equity giant KKR will take a 42.5 per cent stake in the Philippines' largest operator of private hospitals and healthcare services, Metro Pacific Hospital Holdings (MPHH).
MPHH's parent, infrastructure conglomerate Metro Pacific Investments Corporation (MPIC), on Tuesday announced it is selling part of its stake in the healthcare group to the KKR-led consortium for a total of 35.3 billion pesos (S$937.6 million).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model
AEM Holdings Q1 net profit tumbles 85% to S$2.4 million
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
JPMorgan, Nomura limit Segantii exposure on Hong Kong case