Columbia Pacific Expands into India Senior Housing Market

SEATTLE–(BUSINESS WIRE)–Columbia Pacific Management, a Seattle-based international healthcare
provider, and an affiliated company (a joint venture collectively
referred to as “Columbia Pacific”) are entering the India senior housing
market with the acquisition of a major senior housing operator, and plan
to embark on a significant expansion of their India senior housing
portfolio over the next five years.

Columbia Pacific has purchased Serene Senior Care, which currently
operates 735 residential units in four senior housing communities in
South India and plans to have 1,700 units under management by fall 2017.

Columbia Pacific Management is already one of the largest and
fastest-growing healthcare providers in Asia.

Under the Serene brand, Columbia Pacific Management will operate and
provide services to India senior care communities in which residents
purchase their own retirement villas, apartments or houses.

Columbia Pacific has aggressive expansion plans in India, which is
projected in the next decade to be the world’s most populous country,
with a fast-growing senior population and an emergent middle class.
Already the country has an elderly population of 100 million, more than
the population of the United Kingdom and Canada combined.

Within five years, Columbia Pacific plans to more than quintuple the
number of the units Serene Senior Care has under management, to 5,000
units. Columbia Pacific will undergo its expansion by building new
senior housing communities, with the first two planned in Bangalore.

“Columbia Pacific Management has been operating hospitals in India for
more than a decade, and we are one of the most experienced operators of
senior housing both in the U.S. and China,” said Matthew Powell,
Development Director for Columbia Pacific Management. “We’re thrilled to
meet the tremendous demand and care for India’s senior population with
communities designed for the growing middle class.”

Columbia Pacific Management’s hospital companies operate 28 hospitals
and three clinics across India, China, Malaysia, Vietnam, Indonesia and
Kenya under the brands Columbia Asia, Columbia China and Columbia Africa.

Columbia Asia, which operates hospitals in India, Malaysia and
Indonesia, opened its first hospital in India in 2005 and now has 11
modern, efficient multispecialty hospitals around India.

Columbia Asia is the only healthcare provider in Asia to operate
hospitals in so many countries under a single brand, and one of the few
large, multinational providers in Asia to build the vast majority of its
hospitals itself.

The acquisition of Serene Senior Care is a joint investment of Columbia
Pacific Management and an opportunistic strategy fund managed by
Columbia Pacific Advisors, an affiliated Seattle-based alternative
investment firm.

One of the founders of both Columbia Pacific Management and Columbia
Pacific Advisors, Dan Baty, is a pioneer in the senior living industry
in the U.S. and Europe.

In 2011, Columbia Pacific Management received government approval to
open the first foreign-owned, for-profit senior care facility in China.
The company now owns and operates three senior care facilities there –
two in Shanghai and one in Beijing – with a pipeline of additional
communities under development.

The principals and employees of Columbia Pacific Advisors, meanwhile,
have more than 80 years of investment, development and operational
experience in the senior housing sector, and have executed on more than
$10 billion in related transactions in the last 25 years. Columbia
Pacific Advisors has built an acquisition and development pipeline that
consists of over 3,300 senior housing units, over 1,200 multi-family
units and more than 1.2 million square feet of commercial space around
the U.S.

“Columbia Pacific Management, directly and through its affiliated
companies, already has such a tremendous history of caring for seniors
around the world,” said P. Viswanathan, Managing Director of Serene
Senior Care. “We are well positioned to provide India’s senior
population with communities built to the highest international standards
and with decades of experience.”

To learn more about Serene Senior Care, go to SereneRetirement.com.

For more about Columbia Pacific Management, go to ColumbiaPacificManagement.com.
For more about Columbia Pacific Advisors, go to ColumbiaPacific.com.

About Columbia Pacific Management

Columbia Pacific Management (CPM), based in Seattle, oversees an
international healthcare business that develops and operates hospitals,
clinics and senior housing in Asia. With locations in China, India,
Indonesia, Kenya, Malaysia and Vietnam, CPM’s operating companies
provide healthcare and senior care services in markets making up more
than half the world’s population. All of these countries have rapidly
aging populations, rising middle- and upper-middle-class populations, an
under-supply of quality healthcare and senior care facilities, and
increasing rates of non-communicable diseases such as diabetes, cancer
and cardiac diseases – creating an unprecedented demand for world-class
healthcare services and senior housing.

The company’s affiliates include Columbia
Asia, operating hospitals in India and Southeast Asia; Columbia
Africa, which operates a clinic in Nairobi, Kenya; Columbia
China, which is building a network of hospitals and clinics in
China; Cascade
Healthcare, a subsidiary of Columbia China that operates senior care
facilities; and Remote
Medical International, which provides medical services and supplies
to challenging locations around the globe.

About Columbia Pacific Advisors, LLC

Columbia Pacific Advisors, LLC manages $1.2 billion* across a variety of
investment strategies including private real estate, real estate
lending, growth capital, private equity and distressed debt. The firm
utilizes deep fundamental research and seeks to generate compelling,
consistent risk-adjusted returns. Columbia Pacific Advisors, LLC was
founded in 2006 by Alex Washburn, Stan Baty and Dan Baty. The
headquarters is located in Seattle. For more information, please visit www.columbiapacific.com.

*Regulatory assets under management as of 09/30/16.

Contacts

U.S. Media:
Pacific Public Affairs
Ashley Bach,
+1-206-579-2414
ashley@pacificpub.com
or
India
Media:
Ogilvy PR
Soumita Majumdar, +91-98865-31605
soumita.majumdar@ogilvy.com
or
Akriti
Agrawal, +91-95359-33426
akriti.agrawal@ogilvy.com