Columbia Pacific Management (CPM) 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. 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.
Sheares Healthcare Group (SHEARES) was set up with the vision of shaping the future of healthcare delivery, primarily in Asia, through innovative and patient-focused care. It is wholly-owned by Temasek, a global investment company headquartered in Singapore. Sheares uses its experience and capabilities to help its portfolio companies improve their business models in healthcare delivery. In the longer term, Sheares aims to develop new models of healthcare delivery through access to innovative technologies and operators from across Temasek’s portfolio. Sheares has made investments in China, India and the US. Besides Columbia China, these include Manipal Hospitals, a leading private hospital chain in India; and Iora Health, a primary care provider in the United States.