PETALING JAYA: IHH Healthcare Bhd
is acquiring the entire equity interest in Bedrock Healthcare Sdn Bhd (BHSB) for RM245mil.
In a filing with Bursa Malaysia, IHH said that its wholly-owned subsidiary, Pantai Holdings Sdn Bhd, had entered into a share purchase agreement with Saravita Holdings Sdn Bhd and nine individual founders to acquire BHSB.
The acquisition is expected to be completed by the first half of 2024.
BHSB operates an 82-bed hospital, Timberland Medical Centre in Kuching and is set for the construction of a 200-bed hospital in central Kuching.
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