Buyout firm Affinity Equity Partners is weighing the sale of Island Hospital, a hospital in Penang, Malaysia.
It is currently working with an adviser to explore the potential sale of the facility, reported Bloomberg, citing people familiar with the matter.
If a deal materialises, the sale could fetch $500m to $1bn.
In 2015, Affinity Partners acquired the hospital for an undisclosed amount.
Currently, the divestment plan is at an early stage and might not lead to a successful transaction, according to the sources.
Set up in 1996, the hospital has 300 beds and over 50 full-time specialists. The hospital treats more than 300,000 patients annually.
It offers a wide range of treatment services supported by advanced medical technology, including the HD 3D Tomosynthesis Mammography, 3 Tesla MRI, Fibroscan for liver diagnosis, 3D Laparoscopic Surgery,.
The hospital launched construction of a 600-bed hospital in 2018 with an investment of $492m. First phase of the project is expected to be completed by early 2021.
In 2019, Columbia Pacific Management announced the divestment of its stake in its hospitals to TPG Capital and Hong Leong Group for $1.2bn.
Metro Pacific Investment divested certain shares in its hospital in the Philippines to KKR & Co and GIC, a Singapore-based sovereign wealth fund.