Under the agreement, IHH Healthcare (SGX:Q0F
) is set to acquire a 100% stake, or 20 million ordinary shares, in Island Hospital for a total equity consideration of RM3.92 billion ($1.18 billion).
IHH Healthcare has agreed to acquire Island Hospital in Penang from Affinity Equity Partners.
The group, through its wholly-owned subsidiary, Pantai Holdings, entered into a sales and purchase agreement (SPA) with Comprehensive Care, which is majority-controlled by Affinity Equity Partners, on Sept 4.
