Another major acquisition in the Southeast Asia healthcare sector

IHH Healthcare, one of Asia’s largest healthcare groups, with over 80 hospitals in 10 countries, including China, India, and the Netherlands is announcing its acquisition of Island Hospital.

Island Hospital, established in 1996, has 600 beds and offers a wide suite of specialty services including cardiology, clinical oncology, pediatrics, and plastic surgery.

IHH Healthcare offers to acquire Island Hospital for 3.92 billion ringgit, or approximately $897.5 million. Island Hospital was previously held by Asian buyout firm Affinity Equity Partners with $14 billion AUM.

The Southeast Asian healthcare sector has been gaining attention from private equity investors, with a significant growth outlook. This acquisition is a continuation of a string of deals starting with the $1.2 billion sale of Ramsay Sime Darby Health Care and Eu Yan Sang International’s buyout by Mitsui & Co. and Rhoto Pharmaceuticals.

With this deal, IHH Healthcare would elevate its presence in Malaysia and add to its strong global network.

hashtag#privateequity hashtag#healthcare hashtag#hospital hashtag#buyout hashtag#Malaysia

Written by: Ethan Sun
Sources: Reuters, Wall Street Journal

Source: https://www.linkedin.com/posts/heal-venture-lab_privateequity-healthcare-hospital-activity-7247392977713577984-hjCC?utm_source=share&utm_medium=member_desktop