IHH Healthcare acquires Timberland Medical Centre

The acquisition includes the construction of a $53m tertiary hospital.

Pantai Holdings Sdn Bhd, an indirect wholly owned subsidiary of IHH Healthcare Berhad (IHH), has completed the acquisition of the entity behind Timberland Medical Centre.

Through the acquisition, IHH has expanded its portfolio of quality healthcare offerings in East Malaysia, catering to local communities and medical tourists in East Malaysia.

The purchase also includes the earmarked land in central Kuching, assigned for the construction of a $52.33m (RM245m) 200-bed tertiary hospital.

ALSO READ: Siriraj Hospital expands medical care for advanced cancer treatment

“As our patient numbers grow, we recognise the need to enhance our capacity and reach to better serve them. With the acquisition of Timberland Medical Centre and expansion into Sarawak, we will be preparing for the future, while ensuring a quality healthcare experience for all our patients, here and now,” Jean-François Naa, CEO of IHH Healthcare Malaysia, said.

With the acquisition, Timberland Medical Centre joins IHH Healthcare’s expansive healthcare network which includes 11 Pantai Hospitals and four Gleneagles Hospitals.

Also Read

Dental radiology equipment market to grow by $2.45b by 2028

What to expect with Australia’s $739m Frankston Hospital Redevelopment?

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit