Temasek and TPG Newquest have started a fundraising process for Cloudnine Hospitals, a specialist mother-and-child care chain, valuing it at about $1 billion. Sources say the two existing investors could collectively sell 20-30% of their stake to incoming partners, potentially raising $200-300 million if new buyers receive joint control. However, joint control may be trimmed to keep founders and current investors holding meaningful stakes. The plan aligns with rising demand for single-specialty hospitals in maternity and neonatal care.
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