Buyout Firm Said to Seek $296 Million for Health Group Qualitas

Southern Capital Group Pte, a private equity firm that focuses on deals in Southeast Asia, is exploring the sale of its health-care group, according to people with knowledge of the matter.

The Singapore-based buyout firm is asking financial advisers to submit proposals for the potential divestment of Qualitas Health, the people said. Southern Capital is seeking as much as S$400 million ($296 million) for the group, the people said, asking not to be identified as the process is private.

Considerations are at an early stage and the private equity firm could decide to keep the asset, the people ...