Seattle fund bankrolls Asian private hospital chain

A Malaysia-based hospital operator run by Seattle residents and backed by Seattle-area investors says there's money to be made by treating India's upwardly mobile to American-style healthcare. Columbia Pacific, a Seattle investment firm, said it has raised $135 million to go after the Indian market. Its Asian venture, Columbia Asia, has 13 facilities in Malaysia, India, Indonesia, and Vietnam—and expects to have 39 by the end of the decade. The latest investment brings the total equity raised by Columbia Asia to $325 million.