IHH Healthcare (IHH)

Medical group Foundation Healthcare raises $400 million in nine months, projects speedier growth in 2024 - THE EDGE SINGAPORE

Healthcare

Medical group Foundation Healthcare raises $400 mil in nine months, projects speedier growth in 2024

Besides Seatown, other investors include East Ventures and EMTEK

Results

IHH Healthcare doubles earnings to RM532.1 mil for 3QFY2023

IHH benefited from higher patient volumes and improved case mix during the quarter.

Company in the news

IHH Healthcare's Fortis announces divestment of Chennai hospital for INR1.28 bil

The divestment includes the business operations of Malar Hospital as well as its related real estate assets.

M&A

IHH Healthcare’s indirect wholly-owned Pantai Holdings acquires Bedrock Healthcare for RM245 mil

The acquisition is expected to be completed by the first half of 2024.

Tourism

The resurgence of medical tourism

As borders reopen, private healthcare providers are experiencing a boost to their businesses & supporting growth to other sectors

Sustainability

IHH Healthcare announces sustainability commitments in launch of first standalone sustainability report

IHH’s sustainability goals were set out across four stakeholder pillars, which are "patients", "people", "public" and "planet".

Healthcare

Large-cap healthcare stocks: Hefty, hearty and healthy

Covid-19 may be over, but these hospital players are still seeing growth from the economic recovery.
IHH Healthcare reports FY2022 earnings of RM1.55 bil, 16.9% lower y-o-y - THE EDGE SINGAPORE

Results

IHH Healthcare reports FY2022 earnings of RM1.55 bil, 16.9% lower y-o-y

A first and final dividend of 2.16 cents has been declared for the year.

Healthcare

PLife REIT and IHH Healthcare conduct major refurbishment works at Mount Elizabeth Hospital

The project, which will cost $350 million, will be jointly funded by both PLife REIT and IHH Healthcare.
Private hospitals may benefit from rise in Covid-19 cases: DBS - THE EDGE SINGAPORE

Broker's Calls

Private hospitals may benefit from rise in Covid-19 cases: DBS

DBS has kept “buy” on Raffles Medical Group and IHH Healthcare with target prices of $1.63 and RM7.90 ($2.37) respectively.
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