EQT values Singapore hospital operator HMI Medical at $600 million

Private equity firm EQT is selling its stake in HMI Medical, a Singapore hospital operator, with a $600 million asking price. The sale reflects investor appetite for Southeast Asian healthcare, where ageing populations, rising middle-class spending, and strained public hospitals support premium valuations. Singapore's regional medical hub status commands higher prices than elsewhere in ASEAN. The valuation is indicative, not final.