More M&As seen in healthcare industry

More recently, Sunway Bhd had in June this year divested a 16% stake (on a fully-diluted basis) in its healthcare unit to Singapore’s sovereign wealth fund, GIC Private Ltd, for RM750mil.

PETALING JAYA: The healthcare sector is set to see a rise in corporate activities such as mergers and acquisitions (M&As) as economic recovery picks up.

Notably, the Covid-19 pandemic had slowed down such activity, which had actually been building up right before the pandemic hit.