Temasek considers sale of Advanced MedTech, likely valued at about $1.4 billion

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

SINGAPORE - Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday (Nov 14), after the medical devices firm, fully-owned by the Singaporean state investor, received interest from suitors including buyout funds. Two investment banks have been tapped to launch a sale process for Singapore-headquartered MedTech, which could be valued at roughly $1 billion (S$1.4 billion), two...

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive-Temasek weighs sale of Advanced MedTech, likely valued at about $1 billion - sourcesSINGAPORE : Temasek Holdings is considering 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.Two investment banks have been tapped to launch a sale process
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive-Temasek considers sale of Advanced MedTech, likely valued at about $1 billion - sourcesSINGAPORE : 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.Two investment banks have been tapped to launch a sale process f Nice.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »