The rival bidders are Sime Darby and General Atlantic
Private hospitals and other health care facilities have been growing in Asia, driven in part by a rising middle class. Above, a hospital in Bangalore. Photo: Manjunath Kiran/Agence France-Presse/Getty Images By P.R. Venkat and Yantoultra Ngui Updated July 4, 2019 9:54 pm ET A consortium that includes American private-equity firm TPG Capital is one of three shortlisted bidders for a $2 billion collection of Asian hospitals owned by Columbia Pacific Management Inc.
Columbia Pacific, a Seattle-based investment firm, owns 29 hospitals and health-care facilities in Southeast Asia and India. It kicked off a formal sale process for its Columbia Asia business earlier this year, seeking to raise as much as $2 billion, The Wall Street Journal reported previously.Columbia Asia started its operations in Asia in 1996. It now has 12 midsize hospitals in Malaysia, 11 in India, three in Vietnam and three in Indonesia, according to its website.
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