KUALA LUMPUR (March 17): TPG has set up a new senior healthcare platform that brings together three operators in Malaysia and Singapore to tap rising demand from Southeast Asia\u2019s rapidly ageing population.<\/p>\n
The One Aged Care platform consolidates ECON Healthcare, Orange Valley Nursing Homes, and Ambulance Medical Service under a unified holding structure\u00a0while retaining their individual brands, the US-based alternative asset manager said in a statement.<\/p>\n
\u201cThe region\u2019s demographic transition is accelerating demand for quality long-term care,\u201d said TPG’s managing partner and co-head of Asia Ganen Sarvananthan.<\/p>\n
Malaysia is already an ageing society, typically defined as a country where at least 7% of the population are aged 65 and above. In Singapore, one of the fastest ageing societies globally, some 21% of its resident population is above that age group.<\/p>\n
One Aged Care is launching with 16 nursing home facilities with more than 2,400 bed capacity across Singapore and Malaysia, as well as emergency ambulances and medical transport services.<\/p>\n
TPG said the initiative, driven by its Asia midmarket growth fund, aims to build \u201cintegrated, scalable, and outcomes-focused models\u201d supported by resource sharing, standardised clinical frameworks and continued investment in service innovation and workforce development.<\/p>\n
Ong Hui Ming, who has 20 years of experience in the aged care sector and is former chief executive of ECON Healthcare, has been appointed to lead One Aged Care.<\/p>\n
\u201cCare needs are becoming increasingly complex,\u201d Ong said. \u201cThe sector must continue to evolve towards sustainable and scalable models that deliver meaningful outcomes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR (March 17): TPG has set up a new senior healthcare platform that brings together three operators…\n","protected":false},"author":2,"featured_media":334262,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[134,527,111,139,69],"class_list":["post-334261","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-healthcare","tag-new-zealand","tag-newzealand","tag-nz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/334261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=334261"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/334261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/334262"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=334261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=334261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=334261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}