A Temasek logo is seen at the annual Temasek Review in Singapore, on July 7, 2016.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.
Advanced MedTech, which earns the majority of its business from the United States, is one of the few companies that is fully-owned by Temasek, which ranks among the world's biggest investors. US healthcare companies have fared relatively better in the weak equities market this year as investors view these firms as defensive plays in a challenging economic environment.
Advanced MedTech, which also makes investments in medical technology firms, said it reported $280 million in revenue in the year to March 2022, logging a compound annual growth rate of 15per cent over the last five years.
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