TPG has established One Aged Care, a senior healthcare services platform designed to address rising demand for elderly care across Singapore and Malaysia. The initiative brings together Econ Healthcare, Orange Valley Nursing Homes, and Ambulance Medical Service under a unified structure, while allowing each business to continue operating under its existing brand.
The platform launches with 16 nursing home facilities and more than 2,400 beds across the region, alongside emergency ambulance and medical transport services. It was formed through TPG’s mid-market growth fund in Asia and is intended to deliver integrated care services spanning both community-based and residential aged care.
One Aged Care is positioned to scale comprehensive and outcomes-focused care models, supported by continued investment in quality, service innovation, and workforce development. The company will leverage shared resources and standardized clinical frameworks to improve care delivery and expand access to services.
Ong Hui Ming has been appointed Group CEO, bringing approximately 20 years of experience in the aged care sector. She previously served as CEO of Econ Healthcare Group. Founder Ong Chu Poh will take on the role of Senior Advisor to the platform.
The launch comes as Singapore faces accelerating demographic ageing, with about 21% of its population aged 65 and above in 2026. This trend is driving increased demand for long-term care infrastructure and services, creating opportunities for scaled providers to meet growing needs across Southeast Asia.
TPG highlighted that One Aged Care is intended to support long-term sector growth through disciplined expansion and operational integration, with potential to expand further across the region.
KEY QUOTES:
“I am humbled and honored to take on this role. 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.”
Ong Hui Ming, Group CEO of One Aged Care
“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.”
Ganen Sarvananthan, Managing Partner And Co-Head Of Asia For TPG
“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.”
Richard Seow, Chairman Of One Aged Care
