SINGAPORE (Nov 4): IHH Healthcare Bhd (KL:IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion.
According to the group, the acquisition marks a “pivotal step” in the group’s strategic expansion in Malaysia, “reinforcing its commitment to elevating healthcare quality and services nationwide, and providing patients in the northern region [of Peninsular Malaysia], with greater access to world-class care”.
The group added that the acquisition also supports the Malaysia government’s vision to establish the country as a “leading hub for medical tourism, attracting international patients seeking cutting-edge treatment and exceptional care”...(click here for the full story on theedgesingapore.com).