TPG Said to Mull TE Asia Healthcare Sale at $1 Billion Valuation

Private equity firm TPG is exploring selling its Singapore-based health-care company, according to people with knowledge of the matter.

The buyout firm is seeking a valuation of nearly $1 billion for TE Asia Healthcare Partners, the people said, asking not to be identified as the process is private. Investment funds and other hospital operators have shown preliminary interest in the assets, the people said.

Considerations are at an early stage and TPG could still decide against proceeding with the deal, the people said. A representative for TPG declined to comment, while a representative for TE Asia said the company is ...