{"url":"https://newsforagent.com/news/2026-10-26/one-aged-care-acquires-active-global","markdown_url":"https://newsforagent.com/news/2026-10-26/one-aged-care-acquires-active-global.md","title":"TPG-Backed One Aged Care Buys Active Global","headline":"TPG-Backed One Aged Care Acquires Active Global Caregivers in Home-Care Deal","description":"One Aged Care, backed by TPG, acquired Active Global Caregivers, adding home and community care in Singapore and Hong Kong.","section":"Mergers & Acquisitions","published_at":"2026-10-26T06:38:03+00:00","modified_at":"2026-10-26T06:38:03+00:00","author":"News Desk","key_takeaways":["One Aged Care acquired Active Global Caregivers, a home-care provider in Singapore and Hong Kong, with no financial terms disclosed.","One Aged Care operates 15 nursing home facilities with more than 2,400 beds and plans four more, lifting capacity above 3,800 beds.","Active Global was founded in 2012 by Yorelle Kalika and provides home-care and nursing services across Singapore, Hong Kong and Shanghai."],"companies":[{"name":"TPG","is_primary":true,"profile_url":"https://akta.pro/company-profiles/000000w/tpg","website":"http://www.tpg.com"},{"name":"Active Global Specialised Caregivers","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000uvh7/active-global-specialised-caregivers","website":"http://www.activeglobalcaregiver.sg"},{"name":"Pickering Pacific","is_primary":false,"profile_url":"https://akta.pro/company-profiles/002j6f7/pickering-pacific","website":"http://www.pickeringpacific.com"}],"source":{"publisher":"DealStreetAsia","title":"TPG-backed One Aged Care acquires Active Global","url":"https://www.dealstreetasia.com/stories/tpg-backed-one-aged-care-acquires-active-global-499132"},"other_sources":[],"tags":["Mergers & Acquisitions","TPG","Active Global Specialised Caregivers","Pickering Pacific"],"body_markdown":"TPG-backed One Aged Care acquired [Active](https://akta.pro/company-profiles/000uvh7/active-global-specialised-caregivers) Global Caregivers, a home and community-based care provider in Singapore and Hong Kong, the companies announced on October 26, 2026. No financial terms were disclosed. [DealStreetAsia](https://www.dealstreetasia.com/stories/tpg-backed-one-aged-care-acquires-active-global-499132) reported the announcement.\n\nOne Aged Care is a Singapore-based care platform established in March 2026 by TPG, bringing ECON Healthcare, Orange Valley Nursing Homes and Ambulance Medical Service under a single holding structure. Active Global, founded in 2012 by Yorelle Kalika, provides home-care and nursing services across Singapore, Hong Kong and Shanghai.\n\n## One Aged Care's Active Global Acquisition\n\nOne Aged Care said the acquisition expands its service offerings as it builds an integrated regional platform for ageing populations. The group operates 15 nursing home facilities with more than 2,400 beds across Singapore and Malaysia, alongside a fleet of more than 50 ambulances and medical transport vehicles. Its portfolio businesses have collectively served more than 220,000 seniors, according to the announcement.\n\nOne Aged Care is preparing to open four additional nursing homes over the next year, which would increase its total capacity to more than 3,800 beds. The acquisition adds home and community-based services to a platform spanning residential nursing care, senior day care, rehabilitation, emergency medical support and transport.\n\n\"The acquisition of Active Global advances our vision of building a truly regional healthcare platform that supports seniors and their families with a broader range of care options,\" Richard Seow, Chairman of One Aged Care, said in the announcement.\n\nSteven Chiu, group CEO of Active Global, said: \"Our mission has always been to make professional home care accessible and affordable. As part of the OAC group, we will have additional resources to strengthen our services while remaining focused on the people who rely on us.\"\n\n## TPG's Platform and Investment Record\n\n[TPG](https://akta.pro/company-profiles/000000w/tpg) manages $306 billion in assets as of March 31, 2026 across six platforms, according to akta.pro [company records](https://akta.pro/company-data). The same records show TPG reported first-quarter 2026 revenue of $570 million, up 20.7% year on year, and fee-related earnings of $254 million, up 15.3%. TPG closed the acquisition of Angelo Gordon in November 2025, expanding its Credit platform and adding absolute-return multi-strategy capabilities.\n\n## Earlier TPG Deals in 2026\n\nIn October 2026, Hologic agreed to be acquired by Blackstone and TPG for up to $79 per share, an enterprise value of up to $18.3 billion, AETOSWire reported. The deal includes a 46% premium to the last trading price and a contingent value right tied to breast health revenue goals. In the same month, The Edge Malaysia reported that IHH Healthcare Bhd is considering entering the bidding process for Malaysian hospital assets owned by TPG's Asia OneHealthcare unit.\n\n## Active Global's Next Steps\n\nOne Aged Care said it would continue investing in its care capabilities and service models as it expands across the region, with a focus on improving access to care and supporting seniors' wellbeing as they age.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}