SPH to invest $50 mil in new investment fund for aged care, healthcare assets

SINGAPORE : Singapore Press Holdings, via its wholly-owned subsidiary, SPH JPAM, has entered into a strategic partnership with asset managers Bridge C Capital Inc to set up an investment fund focused on investing in aged care and healthcare assets.

Both parties will be jointly responsible for raising additional funds as well as sourcing for suitable assets for the fund. “Expanding overseas in markets with fast ageing populations like Japan gives us a chance to expand our recurring income base, as well as build up our asset management capabilities in a growth segment,” he adds. “We will also be able to learn from leading aged care operators overseas to improve OV’s care and operational standards.”

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