IHH's Fortis seals agreements to divest Malar Hospital, assets

KUALA LUMPUR: IHH Healthcare Bhd announced that certain subsidiaries of India’s Fortis Healthcare Ltd have entered into definitive agreements with MGM Healthcare Private Ltd in relation to the divestment of Fortis Malar Hospital, Chennai (Malar Hospital) and related assets.

The proposed divestment will be undertaken for an aggregate consideration of approximately RM71.9 million (1,28,00,25,000 rupees), it said in a filing to Bursa Malaysia.