TPG

Money Moves

Co-owner of Covetrus; named defendant

Covetrus agreed in March to buy MWI Veterinary Supply from Cencora for $3.5 billion. On November 13, the Federal Trade Commission and 13 state attorneys general sued in New York federal court to stop it.

Updated 1 hour ago

Money Moves

As of September 2026: Buyer (50% stake)

Hong Leong Group, the Malaysian conglomerate controlled by billionaire Quek Leng Chan, confirmed it will buy 17 Columbia Asia hospitals and one clinic in Southeast Asia for US$1.2 billion. The buyer is partnering with global private equity firm TPG, and the deal marks Hong Leong's first entry into healthcare.

Updated Sep 13