Temasek Acquires Additional 41% Stake in Manipal Health Enterprises

Novo Holdings Invests in Manipal Hospitals

February 6, 2024

Healthcare Services

Novo Holdings has made an investment in Manipal Hospitals, a leading private hospital chain in India — Novo Holdings' largest investment in Asia to date. Manipal operates a network of hospitals (33 sites, ~9,500+ beds) and a large medical staff (5,000+ doctors), and the investment is intended to support Manipal's next phase of growth and expansion of high-quality, affordable healthcare across India.

GIC and Temasek Acquire Significant Stake in Novotech as TPG Reinvests

March 31, 2025

Healthcare Services

Affiliates of GIC and Temasek have signed binding agreements to acquire a significant stake in Novotech, with existing investor TPG Asia reinvesting. The capital will support Novotech's global growth — including expansion in the US, Europe and APAC — and enable further organic investment and transformative M&A.

GIC Invests $170 Million in TPG-backed Asia Healthcare Holdings

February 14, 2022

Healthcare Services

Singapore sovereign wealth fund GIC has signed definitive documentation to invest $170 million in Asia Healthcare Holdings (AHH), the TPG Growth–incubated single-specialty healthcare platform in India. The capital will support AHH's continued expansion of single-specialty networks — including fertility (Nova IVF), mother & childcare (Motherhood Hospitals) and oncology — and help fund further add-on acquisitions and platform growth across South Asia.

TPG to Acquire Nextech from Thomas H. Lee Partners

July 19, 2023

Healthcare Services

TPG (through its TPG Capital platform) has signed a definitive agreement to acquire Nextech, a provider of clinical and administrative healthcare technology and EMR software for specialty physician practices, from Thomas H. Lee Partners for $1.4 billion. The deal, expected to close in Q3 2023 subject to regulatory review, will allow TPG to expand its healthcare IT / SaaS portfolio and grow Nextech's platform and capabilities.

KKR Provides $600M Financing to Manipal Education and Medical Group

June 2, 2025

Healthcare Services

KKR is investing $600 million through its Asia Pacific credit and insurance platforms into Manipal Education and Medical Group (MEMG) to support the conglomerate's corporate expansion and growth objectives. The financing, arranged by KKR Capital Markets and anchored by KKR’s private credit and insurance platforms, will provide flexible, structured capital to accelerate Manipal Group's healthcare and education businesses.

Hong Leong Group and TPG Acquire Columbia Asia Hospitals (South East Asia)

September 13, 2019

Healthcare Services

Malaysia-based Hong Leong Group and global alternative asset firm TPG agreed to acquire 17 Columbia Asia hospitals and one clinic across Malaysia, Indonesia and Vietnam (India operations excluded) in a transaction valued at about USD 1.2 billion. Columbia Pacific Management (International Columbia US, LLC) will retain a minority stake while Hong Leong and TPG will scale the Columbia Asia platform across Southeast Asia.