TPG Launches Senior Healthcare Platform To Serve Singapore, Malaysia

SINGAPORE, March 17 (Bernama) -- Global alternative asset management company TPG has established One Aged Care, a senior healthcare services group operating across Singapore and Malaysia.

In a statement today, it said the healthcare service brings together three complementary businesses – ECON Healthcare, Orange Valley Nursing Homes, and Ambulance Medical Service (AMS) under a unified holding structure.

TPG’s success in building platform businesses will enable the delivery of high-quality, integrated care services across the community and aged care continuum in both countries.

"By bringing together ECON Healthcare, Orange Valley and AMS, One Aged Care launches with 16 nursing home facilities with more than 2,400 beds across Singapore and Malaysia, as well as emergency ambulances and medical transport services.

"It will leverage resource sharing to enhance coverage and standards of care, providing the community with greater access to value-added services," it said.

One Aged Care group chief executive officer Ong Hui Ming said the platform provides a strengthened foundation to support the continued growth of ECON Healthcare, Orange Valley and AMS as established care service providers.

"By aligning clinical standards, quality frameworks and shared capabilities at the group level, we can enhance continuity of care and scale best practices across the community and the aged care continuum, while preserving the identity and strengths of each brand," she said.

TPG managing partner and co-head of Asia Ganen Sarvananthan said the region’s demographic transition is accelerating demand for quality long-term care.

"A scaled and professionally managed healthcare group such as One Aged Care can support that demand, broadening access to care while leveraging technology to enhance care service offerings.

"We look forward to working alongside Ong and her leadership team as they pursue disciplined growth in Singapore, Malaysia, and potentially other Southeast Asian markets as the region prepares to meet the needs of a rapidly growing elderly population," he added.

-- BERNAMA