TPG Establishes One Aged Care – A Senior Healthcare Services Platform to Serve Growing Regional Needs

TPG Establishes One Aged Care - A Senior Healthcare Services Platform to Serve Growing Regional Needs

Brings together established care providers - ECON Healthcare, Orange Valley and Ambulance Medical Service under a unified holding structure

One Aged Care aims to advance comprehensive, scalable and outcomes-focused models across the community and aged care continuum in Singapore and Malaysia

Ms. Ong Hui Ming has been appointed as Group CEO, bringing with her 20 years of experience in the aged care sector

Singapore, 17 March 2026 - TPG, a leading global alternative asset management firm, today announced the establishment of One Aged Care, a senior healthcare services group operating across Singapore and Malaysia.

One Aged Care brings together three complementary businesses - ECON Healthcare, Orange Valley Nursing Homes, and Ambulance Medical Service (AMS), under a unified holding structure to deliver high-quality, integrated care services across the community and aged care continuum. The companies will continue to operate under their respective brands in the market. The establishment of the One Aged Care platform was undertaken by TPG's mid-market growth fund in Asia.

One Aged Care aims to advance integrated, scalable, and outcomes-focused models of care across the region. The Group is positioned to support long-term sector growth through disciplined expansion, and continued investment in quality, service innovation and people development.

By bringing together ECON Healthcare, Orange Valley and AMS, One Aged Care launches with 16 nursing home facilities with more than 2,400 bed capacity across Singapore and Malaysia, as well as emergency ambulances and medical transport services. One Aged Care will leverage resource sharing to enhance coverage and standards of care, providing the community with greater access to value-added services.

One Aged Care will be led by Ms. Ong Hui Ming, who has been appointed as Group CEO, and brings 20 years of experience in the aged care sector. Ms. Ong previously served as Chief Executive Officer of ECON Healthcare Group and represents the second-generation leadership in the family-founded business. Mr. Ong Chu Poh, founder of ECON Healthcare, will serve as Senior Advisor to One Aged Care.

"I am humbled and honored to take on this role," said Ms. Ong Hui Ming, Group CEO of One Aged Care. "One Aged Care provides a strengthened foundation to support the continued growth of ECON Healthcare, Orange Valley and AMS as established care service providers. By aligning clinical standards, quality frameworks and shared capabilities at the group level, we can enhance continuity of care and scale best practices across the community and the aged care continuum - while preserving the identity and strengths of each brand.

The establishment of One Aged Care also comes at a time when demographic ageing is accelerating, and care needs are becoming increasingly complex. The sector must continue to evolve towards sustainable and scalable models that deliver meaningful outcomes. My leadership team and I are committed to advancing integrated and comprehensive care that supports families across their care journey."

Singapore is among the fastest-ageing societies globally, with approximately 21% of its resident population aged 65 and above in 2026. Supported by a resilient, regulated care framework, demand for nursing home and community-based care continues to rise amid longer life expectancy, lower fertility, and capacity constraints in aged care infrastructure.

Ganen Sarvananthan, Managing Partner and Co-Head of Asia for TPG said, "The region's demographic transition is accelerating demand for quality long-term care. A scaled and professionally managed healthcare group such as One Aged Care can support that demand, broadening access to care while leveraging technology to enhance care service offerings. We look forward to working alongside Hui Ming and her leadership team as they pursue disciplined growth in Singapore, Malaysia, and potentially other Southeast Asian markets as the region prepares to meet the needs of a rapidly growing elderly population."

Richard Seow, Chairman of One Aged Care said, "One Aged Care brings together established providers under a unified platform with the governance, expertise, and scale to support long-term investment in quality care. As the sector continues to evolve, growing demand must be met by providers who can protect this quality through strong oversight, clear standards and a deep sense of responsibility to the families and communities we serve. Under the leadership of Hui Ming, and in partnership with TPG, our ambition is to build a trusted group that upholds dignity and compassion, while strengthening care delivery across the region."

TPG has a long track record investing in healthcare globally, and across Asia. Additionally in Southeast Asia, TPG has focused on building platform companies across countries that supports long-term growth and innovation, and is excited to begin that journey with One Aged Care.

Over the last decade, TPG has successfully established industry-leading platforms in Southeast Asia that include PropertyGuru, a leading PropTech company; XCL Education, a fast-growing education network for K-12 schools; A1H (Asia One Healthcare), a leading international private healthcare company; Pathology Asia Holdings, one of the region's largest clinical diagnostics providers; Singlife, Singapore's leading homegrown financial service company, and the Asian floriculture business, Hasfarm Holdings.

About TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $303 billion¹ of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

¹ As of December 31, 2025

About One Aged Care

One Aged Care is a senior healthcare services group headquartered in Singapore, with operations across Singapore and Malaysia. The Group comprises established care providers including ECON Healthcare, Orange Valley Nursing Homes and Ambulance Medical Service (AMS), which continue to operate under their respective brands.

With 16 nursing home facilities and more than 2,400 beds across the region, alongside emergency ambulance and medical transportation services, One Aged Care delivers a comprehensive range of services spanning community and residential aged care. The Group is committed to advancing the health, dignity and quality of life of seniors and families.

Media Enquiries:

Brunswick Group [email protected]

Alison [email protected]