Temasek Invests $250 Million in China Health Care Venture
- Columbia Pacific, Temasek form hospital, aged care venture
- Temasek share of life sciences, agriculture assets has doubled
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Temasek Holdings Pte is investing $250 million in the China operations of Columbia Pacific Management, as Singapore’s state-owned investment firm expands its health care holdings.
Temasek and Columbia will form a 50-50 joint venture aimed at providing China’s growing middle-class population with affordable health care services, Seattle-based Columbia said in a statement. The partnership will enable Columbia China to further expand in China through acquisitions and new projects, according to the statement.