KUALA LUMPUR: IHH Healthcare Bhd
has proposed to acquire a 100% stake in Penang-based Island Hospital Sdn Bhd (IHSB), which has 600 beds, for RM3.92bil cash.
In a filing with Bursa Malaysia, IHH said its indirectly wholly-owned subsidiary, Pantai Holdings Sdn Bhd (PHSB) entered into a sale and purchase agreement with Comprehensive Care Sdn Bhd (CCSB), a company established and majority-controlled by leading Asian private equity firm Affinity Equity Partner, for the proposed acquisition.
