TPG Launches "One Aged Care" to Tackle Southeast Asia’s Growing Silver Tsunami
TPG has established One Aged Care, a senior healthcare platform that unifies ECON Healthcare, Orange Valley, and Ambulance Medical Service to provide integrated care across 16 facilities in Singapore and Malaysia.
In a strategic move to address the rapidly accelerating demographic shift in Southeast Asia, global alternative asset management firm TPG today announced the establishment of One Aged Care. This new senior healthcare services platform is designed to unify fragmented providers into a scalable, institutional-grade group capable of serving the complex needs of an aging population.
A Unified Powerhouse in Senior Care
One Aged Care brings together three of the region’s established healthcare heavyweights under a single holding structure:
ECON Healthcare: A long-standing provider of eldercare services.
Orange Valley Nursing Homes: One of Singapore’s leading operators.
Ambulance Medical Service (AMS): A provider of emergency and medical transport services.
By integrating these brands, One Aged Care launches with a formidable footprint of 16 nursing home facilities and a capacity of over 2,400 beds across Singapore and Malaysia. While the individual brands will maintain their distinct identities, the platform will leverage shared clinical standards, quality frameworks, and resource sharing to enhance the continuity of care.
Addressing the "21% Threshold"
The launch comes as Singapore reaches a critical demographic milestone: in 2026, approximately 21% of its resident population is aged 65 and above. This shift—driven by increased life expectancy and lower fertility—has pushed existing infrastructure to its limits.
"The region’s demographic transition is accelerating demand for quality long-term care," said Ganen Sarvananthan, Managing Partner and Co-Head of Asia for TPG. He noted that a professionally managed group like One Aged Care can broaden access to care while using technology to enhance service offerings.
Experienced Leadership and Legacy Expertise
To lead this transition, TPG has appointed Ms. Ong Hui Ming as Group CEO. A second-generation leader with 20 years of experience in the sector, Ms. Ong previously served as CEO of ECON Healthcare Group. "One Aged Care provides a strengthened foundation... By aligning clinical standards and shared capabilities, we can enhance continuity of care and scale best practices while preserving the identity and strengths of each brand," said Ms. Ong.
Supporting this leadership, Mr. Ong Chu Poh, founder of ECON Healthcare, will serve as Senior Advisor. This structure allows TPG to marry global financial governance with decades of established clinical trust.
A Proven "Buy-and-Build" Strategy
The establishment of One Aged Care follows TPG's successful "platform" playbook in Southeast Asia, which has previously scaled companies such as Pathology Asia, XCL Education, and Singlife.
By moving the industry beyond the "cottage industry" era, One Aged Care aims to set a new benchmark for outcomes-focused healthcare. The group intends to pursue disciplined growth in Singapore and Malaysia, with potential expansion into other Southeast Asian markets as they hit similar demographic inflection points.
Article source: TPG
🚀 Connect with Global Leaders in Aging & Care Innovation!
Sourcingcares links international partners in aging care, long-term care, and health technology, fostering collaboration and driving solutions for a changing world. Our initiatives include Cares Expo Taipei, where the future of elder care takes shape!
🔗 Follow us for insights & opportunities:
📌 Facebook: sourcingcares
📌 LinkedIn: sourcingcares
📍 Explore more at Cares Expo Taipei!
