TPG hires Maybank, UBS to explore Asia OneHealthcare IPO, sources say

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SINGAPORE, April 9 (Reuters) - TPG has hired Maybank MBBM.KL and UBS UBSG.S to explore options for Asia OneHealthcare, two sources with knowledge of the matter said on Thursday, including a domestic listing that could value the Malaysia-based hospital operator at about 30 billion ringgit ($7.5 billion).

  • Bloomberg reported earlier that TPG TPG.O had picked advisers for the sale or listing of Asia OneHealthcare.

  • Asia OneHealthcare said it does not comment on market speculation or unverified reports. TPG declined to comment, while Maybank and UBS said they have no comment.

  • Asia OneHealthcare, formerly known as Columbia Asia Healthcare, has 31 hospitals across Malaysia, Indonesia and Vietnam, its website shows.

  • TPG entered the business in 2019 when it teamed up with Malaysia's Hong Leong Group to buy Columbia Asia Hospitals' Southeast Asian operations for about $1.2 billion.

($1 = 3.9850 ringgit)


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