IHH Healthcare to acquire Malaysia’s Island Hospital for $900m
The group expects over $46m (RM200m) in synergies within five years.
IHH Healthcare is set to acquire Island Hospital in Penang, Malaysia for approximately $900m (RM3.9b).
Through its subsidiary Pantai Holdings Sdn Bhd., the group entered a sales purchase agreement (SPA) with Comprehensive Care Sdn Bhd, a company controlled by Affinity Equity Partners.
In a statement, the group expects over $46m (RM200m) in synergies over the next five years through the integration of the 600-bed hospital into its network.
This will include improvements in operational efficiency, consolidating procurement, and opportunities for cross-referral of patients across Malaysia.
RM1 = $0.23