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TE Asia, Singapore family office Altrui, invest $50m in two cardio facilities in Indonesia
TE Asia Group CEO Eng Aik Meng / Source: TE Asia Group
July 8, 2021
TPG-backed TE Asia Healthcare Partners is investing $50 million in two cardiovascular facilities in Indonesia with Altrui Investment Management, a single-family office based in Singapore.
Altrui, which has investments in education, agriculture, and new technologies, will take a 25% stake in the two projects, marking the firm’s foray into healthcare. TE Asia and the doctors in the two cardiology practices will hold the remaining 75%. TE Asia will be the majority shareholder.
The facilities are the recently-opened Heartology Cardiovascular Centre in the Brawijaya Hospital Saharjo in Jakarta, and an upcoming hospital in South Jakarta that is expected to start operations in late-2022.
Organizations across the Valley held vaccine events for underserved communities, including people with disabilities after many have faced a lack of access and barriers to getting the COVID-19 vaccine in Arizona.
Among the 1,150 people expected to be vaccinated at South Mountain Community College Saturday was Valerie Duckett. She talked to The Arizona Republic as she sat in the designated recovery zone in the school s gym, minutes after getting her first and only dose of the Johnson & Johnson vaccine.
Registration tables were set up just outside the gym, after which point individuals joined a line snaking around the gym leading to the vaccination stations. There were five vaccination tables, each with two Walgreens employees administering the vaccines.