Asian healthcare company Columbia Asia is receiving $101m in investment.
Tokyo-based Mitsui & Co., Ltd., one of the world’s largest and most respected trading companies, made the investment. As part of it, Mitsui will gain two seats on the Columbia Asia Board of Directors and play a role in company operations.
The company will use the proceeds to continue to expand its network of hospitals across Asia, including several current development projects, open its first facility in Africa next month, a multispecialty clinic in Nairobi, Kenya under a new brand, Columbia Africa.
Part of Seattle-based Columbia Pacific Management and led by Nate McLemore, Managing Director, Columbia Asia focuses on serving Asia’s growing middle class with modern and efficient multispecialty hospitals located close to where patients live and work.
Since opening its first hospital in Malaysia in 1996, the company has grown to 10,000 employees serving more than 2.5 million patients a year, with 2,200 beds across 27 hospitals and one clinic in India, Malaysia, Vietnam and Indonesia.
Columbia Pacific Management’s affiliates include Columbia Asia, operating hospitals in India and Southeast Asia; Columbia China, which is building a network of hospitals and clinics in China; Cascade Healthcare, which operates senior care facilities in China; and Remote Medical International, which provides medical services and supplies to challenging locations around the globe.