Singapore hospital company valued at $600 million as investors bet on Asian healthcare

An investment firm is selling its stake in HMI Medical, a Singapore hospital operator, for a proposed $600 million. Investors see opportunity in Southeast Asia's healthcare sector: populations are ageing, more people can afford private care, and public hospitals are stretched. Singapore's reputation as a regional medical hub commands higher prices. The $600 million is an asking price, not yet a done deal.