EQT puts $600 million price tag on Singapore healthcare platform HMI Medical

Private equity firm EQT is offloading its stake in HMI Medical, a Singapore-based hospital operator, at a $600 million valuation. The early-stage sale process reflects continued institutional appetite for Southeast Asian healthcare assets, where demographic tailwinds—ageing populations, rising middle-class spending, constrained public capacity—sustain premium valuations. Singapore's status as a regional medical hub commands pricing premiums unavailable elsewhere in ASEAN. The $600 million figure is an asking price, not a locked transaction value.