News

Healthcare

Clarist Zablan

, Singapore

Published:

4 years ago

IHH shareholders greenlight Prince Court Medical Centre buy for $246m

The acquisition is set to be completed in Q1 2020.

IHH Healthcare Berhad has secured 99.99% approval from its shareholders to acquire Prince Court Medical Centre (PCMC) in Malaysia for $246.70m (RM1.02b), according to a press release.

IHH’s wholly-owned subsidiary, Pantai Holdings entered a conditional share purchase with Pulau Memutik Ventures, a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, for the acquisition of the entire issued share capital of PCMC.

IHH expects the proposed acquisition to be completed in Q1 2020. Afterwards, PCMC will become the group’s 16th hospital in Malaysia.

Located in Kuala Lumpur, PCMC is a 277-licensed bed private healthcare facility that offers services in burns management, cancer, gastrointestinal diseases, interventional cardiology, in vitro fertilisation, nephrology, occupational health, orthopaedic and rehabilitation medicine.

Photo from Prince Court's website

Also Read

Australian gov’t unveils designs for $587m Melton Hospital

Malaysian pharmaceutical market to project modest growth amidst new reform

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Australian gov’t unveils designs for $587m Melton Hospital

The project is slated for completion in 2029.

Healthcare

19 hours ago

Malaysian pharmaceutical market to project modest growth amidst new reform

A new procurement system aims to address medicine shortages and supply chain disruptions.

Healthcare

19 hours ago

Davao Doctors Hospital and SHARE partner to address organ donation demand

A collaborative meeting involved talks on a dedicated organ donor unit.

Healthcare

19 hours ago

New Medicare Urgent Care Clinic opens in Southport, Australia

The facility offers care for non-life-threatening conditions such as cuts and infections.

Healthcare

20 hours ago

Exclusives

HMI Medical rebranding marks shift to integrated care

Through M&As, the group is building a ‘house of brands’ for each medical area.

Healthcare

Electronic health records with AI show promise

They are also at risk from backdoor attacks, data poisoning and unauthorised access.

Healthcare

Patients suffer from Southeast Asia’s lack of unified health platform

The absence of a single ecosystem is hurting patients’ welfare.

Healthcare

Indonesia’s Tzu Chi Hospital uses robot to treat hernia

The medical facility has treated 40 patients using a minimally invasive procedure.

Event News

Medical Fair Asia and Medical Manufacturing Asia fosters connections, collaborations in the healthcare and medical technology industry

Healthcare

The trade show, which was held in Singapore, successfully brought together over 13,000 visionary digital health innovators, government leaders, and industry pioneers from the medical and healthcare sectors.