The Competition and Consumer Commission of Singapore (CCCS) is inviting public feedback on the proposed acquisition of Econ Healthcare (Asia) Limited by TPG Inc. The consultation period, which began on 8 September, will run until 19 September. CCCS is assessing whether the transaction could potentially harm competition within the eldercare sector in Singapore.
TPG, a global investment firm with a presence in Singapore, submitted an application to CCCS on 29 August. The firm, through its Invest Healthcare Group, operates Orange Valley nursing homes and provides non-residential care services in Singapore. Econ Healthcare, meanwhile, operates eight medicare centres and nursing homes across Singapore, China, and Malaysia.
The overlap between TPG’s Invest Healthcare Group and Econ Healthcare in both residential and non-residential care services is a focal point of the consultation. CCCS is particularly interested in understanding how this acquisition might affect competition in these markets.
Public feedback can be submitted via the CCCS online form or by email, with the option to provide non-confidential versions of submissions if necessary. More details about the consultation process are available on the CCCS website.
The outcome of this consultation could have significant implications for the eldercare market in Singapore, potentially influencing service availability and pricing for consumers.
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