SINGAPORE : Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds.
"It's not often that you see a company fully owned by Temasek coming to the market," said one source familiar with the deal process, adding that Advanced MedTech was likely to be viewed as a turnaround story. Advanced Medtech spun out in 2019 from Accuron Technologies Ltd, a Temasek company, as the medical device firm looked to speed up growth and focus on its mainstay urology business.
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