Private equity firms Coalition Capital Partners and Warburg Pincus have been shortlisted to buy Singaporean medical services provider Fullerton Healthcare Corp in a deal that could be worth about US$1 billion, according to people with the knowledge of the matter.

Binding bids from the US and Southeast Asian buyout firms are expected before the end of the month, said the people, who asked not to be named as the process is private. Other suitors could emerge and there is no guarantee that a sale will be completed, the people said.

Any deal would add to the US$7.7 billion in health-care services M&A in Asia Pacific this year. Besides Fullerton, Malaysia’s Sunway Group is also seeking to sell an interest in a health-care business in the region.

Read more/Source: The Edge markets