IHH’s RM4bil medical tourism gambit

IHH said it will pay RM3.92bil in cash to fully acquire Island Hospital.

PETALING JAYA: IHH Healthcare Bhd is positioning itself as a medical tourism powerhouse with the proposed acquisition of Island Hospital in Penang for RM3.92bil, after reportedly outbidding Sunway Bhd.

Once the purchase is completed, tentatively by end-2024, more than one out of three medical tourists into Malaysia will be utilising IHH’s network of 18 hospitals.