IHH Healthcare’s Pantai Holdings to acquire Island Hospital for RM3.92b

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KUALA LUMPUR, Sept 4 — IHH Healthcare Bhd’s (IHH) indirect wholly-owned subsidiary, Pantai Holdings Sdn Bhd, has entered...

It noted that Island Hospital could enhance its operational efficiency by aligning on commercial practices and operations with IHH, including consolidating procurement.“Island Hospital’s landbank is valued at RM223.4 million, with approvals secured for future development.“This would future proof IHH Healthcare’s growth in the region and meet increasing healthcare demand from both local and foreign patients,” added IHH.

Barring unforeseen circumstances, IHH said the proposed acquisition is expected to be completed by year-end.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Pantai hospital penang Pantai Holdings Sdn Bhd Island hospital IHH Healthcare Bhd Gleneagles Hospital Penang

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 19:20:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

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Copyright Owner: © Malay Mail

News ID: 22372336

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