Columbia China was founded by Columbia Pacific Management Inc., an international healthcare business that develops and operates hospitals, clinics and senior living facilities in Asia. Columbia Pacific Management also owns Columbia Asia, a network of 29 hospital, clinics and extended care facilities in Malaysia, India, Vietnam and Indonesia. Columbia China is now a 50:50 joint venture between Columbia Pacific Management and Temasek.
Columbia Pacific Management was founded in 1989 by Seattle-based entrepreneur Daniel R. Baty, who has been successfully investing in and developing private healthcare and senior living companies for over 40 years. His vision was to serve the growing needs across Asia for high-quality, modern health care within convenient access to major cities and with an emphasis on affordability and transparency. Baty founded Columbia Asia in 1996 which has grown to one of the leading providers of international healthcare services in India, Malaysia, Vietnam and Indonesia. Baty is also the founder of investment firm, Columbia Pacific Advisors LLC, as well as Emeritus Corporation, which merged with Brookdale Senior Living, LTD. (NYSE:BKD) in 2014 to form the largest operator of senior living communities in the United States. He has previously served as Chairman of Holiday Retirement Corporation, the largest operator of retirement centers in the U.S. and Canada, which was sold to Fortress Investment Group in 2007. Baty also serves on the Board of Clarity Health Services.
Incorporated in 1974, Temasek is an investment company based in Singapore, with a S$242 billion portfolio as at 31 March 2016.
Temasek’s portfolio covers a broad spectrum of sectors: telecommunications, media & technology; financial services; transportation & industrials; consumer & real estate; life sciences & agriculture; energy & resources. Its investment themes reflect Temasek’s perspectives on long term trends: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions.
Temasek’s compounded annualised Total Shareholder Return since inception in 1974 is 15% in Singapore dollar terms, or 17% in US dollar terms.
The company has had a corporate credit rating of AAA/Aaa since its inaugural credit rating in 2004, by rating agencies S&P Global Ratings and Moody’s Investors Service respectively.
Temasek has offices in Singapore and nine other cities around the world, including New York, São Paulo and Mexico City in the Americas; London in Europe; Beijing and Shanghai in China; Mumbai and Chennai in India; and Hanoi in Vietnam.