IHH proposes sale of IMU Health, hospital for RM1.35bil

KUALA LUMPUR: IHH Healthcare Bhd has proposed the disposal of IMU Health Sdn Bhd and a hospital for an initial total cash consideration of RM1.35bil.

In a filing with Bursa Malaysia, the healthcare group said under a conditional share sale agreement, it will dispose of 1.14 million shares, the entire equity interest, in IMU Health to Inbound Education Holdings Sdn Bhd, a company controlled by Hong Leong Healthcare Group Sdn Bhd (45%), The Rise Fund Inbound SF Pte Ltd (45%) and the Employees Provident Fund (EPF) (9.99%) for an initial consideration of RM1.24bil.