Ramsay Sime Darby Health Care to acquire Manipal Hospitals


RSDH group CEO Raymond Chong

KUALA LUMPUR: Sime Darby Bhd's 50%-owned Ramsay Sime Darby Health Care (RSDH) is purchasing the entire stake in Manipal Hospitals in Klang from Manipal Health Enterprises Pvt Ltd.

In a statement, RSDH, which is equally owned by Sime Darby and Australia's Ramsay Health Care, said it will rebrand the 220-bed capacity hospital into a tertiary care private facility to geographically complement RSDH's other healthcare facilities.

According to RSDH, the Klang hospital’s clinical services will operate as usual and patients can continue with their existing care.

“The acquisition allows us to leverage on a strategic opportunity to unlock more value operationally by expanding our reach to deliver RSDH’s distinctive brand of award-winning healthcare.

"Not only will Manipal Hospitals become part of the Group’s network of well-known hospitals, it will be supported by Subang Jaya Medical Centre as the integrated hub for referrals in the Klang Valley," said RSDH group CEO Raymond Chong.

Sime Darby group CEO Datuk Jeffri Salim Davidson said the acquisition by RSDH solidifies its position in the highly competitive healthcare sector and fits well with the growth story envisaged for the joint venture company.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Business News

US metals buyers paying highest ever premium for Aluminium
IMF raises growth forecasts for rich nations, dims outlook for Malaysia and developing world
Microsoft scores record quarterly profit on cloud boost
GameStop to join S&P MidCap 400 index next week
Oil prices steady as virus spread counters tight supplies
Wall St snaps five-day up streak as caution rises before tech earnings, Fed
Immunisation boost to recovery
Global LNG market faces shakeup from Japan’s clean energy shift
Silterra running at full capacity
AirAsia sees improvement in key operating entities

Stories You'll Enjoy


Vouchers