Dilip Kadambi

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Hong Leong Group and TPG buy Columbia Asia hospitals in Southeast Asia

Continuing to run Southeast Asia operations under new owners

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 2 hours ago