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Temasek’s SeaTown to invest up to S$115 million in Singapore healthcare firm AddVita

By Wong Chia Peck, The Business Times

Reflecting our commitment to Southeast Asia’s resilient and high-growth sectors, we are pleased to share that our investment of up to S$115 million in AddVita, a leading Singapore-based healthcare and life sciences distribution platform, was featured in The Business Times.

SeaTown’s investment supports AddVita’s strategy to expand across the region via a buy-and-build approach, enhancing access to medical technologies, pharmaceuticals, and ancillary services essential to healthcare providers in Asia.

As highlighted by Dickson Loo, Managing Director of Private Equity at SeaTown, “Healthcare and life sciences distribution business is a sector that we have a strong passion for, and it’s a core focus for our private equity fund. In order for quality healthcare to grow, there is also a need for all the ancillary services to grow alongside. So distribution is one key element where we think is important as well.”

This investment is a testament to our Private Equity team’s focus on the vital sectors of healthcare, business services and consumer in Asia.

Read more in The Business Times (subscription may be required): https://www.businesstimes.com.sg/companies-markets/temaseks-seatown-invest-s115-million-singapore-healthcare-firm-addvita

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