IHH Healthcare sets to acquire Prince Court Medical Centre in Malaysia
Date
September 23, 2019
Type
M&A Transactions
Subtype
Transaction launched
Countries
Malaysia
Subsectors
Hospital & Healthcare
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IHH Healthcare Bhd has expressed its interest to acquire the Prince Court Medical Centre from a unit of the Malaysian sovereign wealth fund Khazanah Nasional Bhd, Pantai Holdings, for a total consideration of MYR1.02 billion (US$244 million).
The Prince Court Medical Centre is a healthcare facility located in the Kuala Lumpur, Malaysia. Khazanah currently owns 26% stake in IHH.
The deal is expected to close in 2020.
