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SPH acquires nursing home operator Orange Valley for $164 mil

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SPH acquires nursing home operator Orange Valley for $164 mil

Michelle Zhu Published on Tue, Apr 25, 2017 / 5:40 PM GMT+8

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SINGAPORE (April 25): Singapore Press Holdings (SPH) today announced its acquisition of Orange Valley Healthcare (OV), the operator of nursing homes and ancillary services, for about $164 million from private equity firm KV Asia Capital.

OV was established in 1993. It was fully acquired by KV Asia Capital via the firm’s investment vehicle, Eldercare Holdings, in April 2014.

Through its subsidiaries, OV currently operates five nursing homes in Singapore across Changi, Clementi, Marsiling, Simei and Sims Avenue, with over 900 beds.

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