MD McLemore reports unprecedent growth potential

Seattle-based Columbia Asia, with 12 hospitals in India, is expanding health service in Asia with freshly raised US$210 million for adding 16 hospitals and two clinics.

It will have more than 4,000 beds by 2025, up from 2,600 beds in 29 hospitals as of now with about 10,000 employees serving more than 2.5 million patients a year.

Last year, Columbia Asia opened a hospital each in Bangalore and Kuala Lumpur.

“Columbia Asia is uniquely positioned to meet the health care needs of Asia’s rapidly growing middle class,” said Nate McLemore, Managing Director for International Healthcare of Columbia Asia’s parent company, Columbia Pacific Management.

“The growth potential in the markets we serve is unprecedented and we are pleased that this additional investment will further accelerate our expansion,” he said.

The US$210 million in growth capital comes primarily from existing investors, including US$140 million from Tokyo-headquartered Mitsui & Co Ltd, one of the world’s largest and most respected trading companies.

Mitsui is a key shareholder in Columbia Asia, having invested US$101 million in 2016.

The remainder of new capital cames primarily from investments from individuals and families.

Columbia Asia, which opened its first hospital in 1996, has 12 hospitals in India, 12 in Malaysia, three in Indonesia, two hospitals and one clinic in Vietnam, and one clinic in Kenya. fii-news.com