Who buys healthcare & medical companies in Southeast Asia?
192 acquirers on our register list healthcare & medical among their target sectors and cover Singapore, directly or through a regional or global mandate. Here is the picture market by market.
| Market | Acquirers on register | Name the market | Region-wide mandate | Global | Strategic | Private equity | Japan-HQ |
|---|---|---|---|---|---|---|---|
| Singapore | 192 | 128 | 61 | 3 | 73 | 69 | 22 |
| Malaysia | 175 | 29 | 132 | 14 | 67 | 67 | 18 |
| Indonesia | 169 | 16 | 136 | 17 | 63 | 64 | 18 |
| Thailand | 166 | 9 | 140 | 17 | 59 | 65 | 19 |
| Vietnam | 164 | 9 | 139 | 16 | 59 | 64 | 18 |
| Philippines | 162 | 9 | 137 | 16 | 58 | 64 | 18 |
By seller size (Singapore)
Counts buyers whose stated target revenue range fits, plus buyers who have not stated one.
- Under S$5m revenue64
- S$5m to S$20m116
- S$20m to S$50m172
- Above S$50m190
Valuation working benchmark
Benchmark row used: Healthcare Services
8x to 15x EBITDA, mid 11x
GA assumption: Growth Alliance Capital working benchmarks for private Singapore and Southeast Asian deals (2024/25), not sourced market data and not a valuation.
Counted from buyers' stated interests in our register, de-duplicated, synced 8 Oct 2026. On our register means listed in it, not a relationship. We never publish buyer or client names.
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