September 13, 2019 / 5:09 PM / 4 days ago

TPG, Hong Leong to buy 17 Columbia Asia hospitals in South East Asia

(Reuters) - Malaysian conglomerate Hong Leong Group and alternative asset firm TPG have agreed to buy Columbia Asia’s 17 hospitals and one clinic in South East Asia for about $1.2 billion.

The hospitals and the clinic are located in Malaysia, Indonesia and Vietnam, TPG said in a statement on Friday.

The 11 Columbia Asia hospitals in India are not a part of the deal, which is expected to close at the end of 2019.

Reporting by Rama Venkat in Bengaluru; Editing by Maju Samuel

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