Sime Darby exits healthcare business in a multi-billion ringgit deal

KUALA LUMPUR: Sime Darby Bhd is exiting the healthcare business by selling its entire 50 per cent equity interest in Ramsay Sime Darby Health Care Sdn Bhd (RSDH) to Columbia Asia Healthcare Sdn Bhd (Columbia Asia) for RM2.84 billion.

It said wholly-owned subsidiary Sime Darby Holdings Bhd (SDHB) and Ramsay Health Care Ltd’s subsidiary AH Holdings Health Care Pty Ltd, which owns the remaining 50 per cent of RSDH, today inked an agreement with Columbia Asia to dispose of their combined 100 per cent interest in RSDH for RM5.68 billion.