The group adds that the acquisition also supports the Malaysia government’s vision to establish the country as a “leading hub for medical tourism, attracting international patients seeking cutting-edge treatment and exceptional care”.
IHH Healthcare has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion ($1.2 billion).
According to the group, the acquisition marks a “pivotal step” in the group’s strategic expansion in Malaysia, “reinforcing its commitment to elevating healthcare quality and services nationwide and providing patients in the northern region with greater access to world-class care”.
