IHH doing well with hospital purchase

IHH said its subsidiary, Acibadem Healthcare Group, had entered into definitive agreements to acquire 100% of Kent Health Group.

PETALING JAYA: Despite the risks associated with the volatility of the lira, IHH Healthcare Bhd’s proposed acquisition of a 100% stake in Kent Health Group in Izmir, Turkiye, through its unit is a positive development for the private healthcare group.

Given Kent Health Group’s portfolio, the deal is expected to add value to IHH’s performance in the long term, according to analysts.