Global News Select

IHH Healthcare to Acquire Malaysia Hospital

By Amanda Lee and P.R. Venkat

 

IHH Healthcare has agreed to buy a Malaysian hospital business, the latest in a series of healthcare deals in the Southeast Asian region.

Malaysian healthcare group IHH said Wednesday that it will acquire Penang-based Island Hospital at an equity value of 3.92 billion ringgit, equivalent to $897.5 million.

The Wall Street Journal earlier reported on a possible deal.

 

Write to Amanda Lee at amanda.lee@wsj.com

 

(END) Dow Jones Newswires

September 04, 2024 06:12 ET (10:12 GMT)

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