Asian hospital giant IHH Healthcare mulls sale of education arm
Stethoscope lying on medical records.
March 7, 2021
IHH Healthcare Bhd., Asia’s biggest hospital group by market value, is exploring a sale of its medical education arm International Medical University, according to people with knowledge of the matter.
The Malaysian company is working with Rippledot Capital Advisers on the potential deal, the people said. A sale of the education unit could fetch about $300 million, said the people, asking not to be named as the process is private.
Deliberations are ongoing and there is no certainty that IHH will proceed with a transaction, the people said. A representative for IHH declined to comment, adding the company will provide updates if there are any material developments. A representative for Rippledot also declined to comment.
(March 5): IHH Healthcare Bhd, Asia’s biggest hospital group by market value, is exploring a sale of its medical education arm International Medical University (IMU), according to people with knowledge of the matter.
The Malaysian company is working with Rippledot Capital Advisers on the potential deal, the people said. A sale of the education unit could fetch about US$300 million (RM1.22 billion), said the people, asking not to be named as the process is private.
Deliberations are ongoing and there is no certainty that IHH will proceed with a transaction, the people said. A representative of IHH declined to comment, adding that the company will provide updates if there are any material developments. A representative of Rippledot also declined to comment.
Medical Tourism Market is expected to reach US$ 83,279 1 Million With CAGR of Approx 12 4% By 2027 pharmiweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pharmiweb.com Daily Mail and Mail on Sunday newspapers.
Read more about Healthcare stocks edge higher on Business Standard. Healthcare stocks were trading in green, with the S&P BSE Healthcare index increasing 76.07 points or 0.36% at 21257.81 at 09:49 IST.
India Inc wants jab delivery system eased livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.