Temasek invests US$250m in China healthcare joint venture

Singapore

TEMASEK Holdings Pte is investing US$250 million in the China operations of Columbia Pacific Management, as Singapore's state-owned investment firm expands its healthcare holdings.

Temasek and Columbia will form a 50-50 joint venture aimed at providing China's growing middle-class population with affordable healthcare services, Seattle-based Columbia said in a statement. The partnership will enable Columbia China to further expand in China through acquisitions and new projects, according to the statement.