Temasek-backed Heliconia invests $8m in SGX-listed Health Management International

Stethoscope lying on medical records.

Private equity firm Heliconia Capital Management, a unit of Singapore’s state investor Temasek Holdings, has emerged as a strategic shareholder in SGX-listed regional private healthcare provider Health Management International Ltd (HMI) with a S$11 million ($8.09 million) placement for a 2 per cent stake in the firms’ enlarged share capital.

HMI owns two tertiary hospitals in Malaysia and a healthcare training centre in Singapore.

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