Deals
Fullerton Health Weighs Stake Sale at $1.1 Billion Value
- Hospital operator weighing up to 20% stake sale to raise funds
- Firm counts RRJ Capital, Ping An Capital among backers
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Fullerton Health Corp. is considering selling a minority stake to raise funds to expand its medical services operations, according to people with knowledge of the matter.
The Singapore-based company, which counts private equity firm RRJ Capital and Ping An Capital as its major shareholders, is in discussions with potential investors for a stake of as much as 20%, the people said. A deal could value Fullerton Health at more than S$1.5 billion ($1.1 billion), said the people, who asked not to be identified as the process is private.