IHH’s hospital acquisition in the spotlight

Quick Summary:

PETALING JAYA: The recent acquisition of Penang-based Island Hospital Sdn Bhd by IHH Healthcare Bhd raises questions about whether the latter may have overpaid for an asset that will require additional investment for future development.

Near-term earnings accretion to IHH is expected to be minimal, leading to a slight dilution based on the group’s forecasts.

The acquisition coincides with increasing competition in Asean to attract medical tourists, which could limit any margin superiority or competitive advantages in the longer term.

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Article Details

Author / Journalist: DANIEL KHOO

Category: EconomyBusiness

Markets: MalaysiaIndonesia

Topics: IHH /Business/Business News Island Hospital Medical Corporate News Acquisition Healthcare

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-07 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 383 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22914717

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Official Website: thestar.com.my

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