A KKR-led consortium has started the process of selling its entire stake in the largest private hospital in the Philippines in a deal that could value the business at around $3.0 billion, people familiar with the process said. The U.S. private-equity firm is also in initial talks with minority shareholder Metro Pacific Investments Corp., a Philippines conglomerate that was the original owner of Metro Pacific Hospital Holdings, to explore its interest in buying a stake of the healthcare provider. The person said a deal may or may not materialize as the talks are exploratory. KKR and Singapore sovereign wealth fund GIC own a combined 80% in the hospital, with the rest owned by MPIC the people said.
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Source: https://www.wsj.com/business/kkr-led-consortium-starts-sale-process-for-around-3-0-billion-philippines-hospital-business-116cbc45