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IHH Healthcare
M&A
Khazanah selling $2.8 bil stake in IHH Healthcare to Mitsui in portfolio revamp
KUALA LUMPUR (Nov 29): Malaysia's Khazanah Nasional is selling a 16% stake in Singapore-listed IHH Healthcare to Mitsui & Co for about RM8.42 billion ($2.76 billion) in cash, kicking off a restructuring of the sovereign wealth fund's portfolio und
November 29, 2018
From sovereign wealth fund to sovereign catalytic investor
SINGAPORE (Sept 3): Khazanah Nasional was formed in 1993 as a strategic investment fund of the government of Malaysia. Its stated objectives are to “hold-manage select commercial assets of the government, undertake strategic investments on behalf of th
August 31, 2018
Broker's Calls
IHH Healthcare still a promising 'buy' after 2H earnings disappointment, says CGS-CIMB
SINGAPORE (Aug 29): CGS-CIMB Research is maintaining its “add” recommendation on IHH Healthcare with a lower target price of RM6.63 ($2.21) compared to RM6.86 previously, even as the dual-listed Malaysian private healthcare operator’s 2H18 results m
August 29, 2018
M&A
IHH Healthcare CEO Tan See Leng plans to 'stabilise the ship' after winning Fortis bid
SINGAPORE (July 13): Dr Tan See Leng, managing director and CEO of IHH Healthcare, is in a buoyant mood. And he deserves to be.
July 13, 2018
M&A
IHH raises Fortis bid with $130 mil equity injection & subsequent infusion of up to $667 mil
SINGAPORE (Apr 25): IHH Healthcare is upping is bid for a stake in Indian healthcare provider Fortis Healthcare with a revised proposal that includes, among others, an immediate primary equity injection of 650 crore rupees ($130 million) by way of issuing
April 25, 2018
M&A
IHH said to press $1.7 bil pursuit of India hospital firm
(Apr 19): IHH Healthcare isn’t giving up its pursuit of Fortis Healthcare, the Indian hospital chain that’s becoming the center of a takeover battle.
April 19, 2018
Indian tycoons offer to invest $252 million in Fortis Health
(Apr 13): Fortis Healthcare said it has received a joint investment proposal from two Indian business families, intensifying a race to gain control of the country’s second-largest private hospital chain.
April 13, 2018
In print this week
Transforming healthcare into a business
SINGAPORE (Mar 23): Tony Tan, non-executive chairman of Singapore Medical Group (SMG) co-founded Parkway Holdings in 1979 and was its managing director until 2000.
March 23, 2018
Broker's Calls
Second time lucky for IHH Healthcare in its quest for Fortis Healthcare?
SINGAPORE (Mar 20): The Economic Times reported that IHH Healthcare is set to launch a voluntary open offer for Fortis Healthcare. This comes nine months after walking out of bilateral talks with promoters Malvinder and Shivinder Singh who were then in co
March 20, 2018
Broker's Calls
Worst over for IHH Healthcare's new Gleneagles HK, says CIMB
SINGAPORE (Jan 8): CIMB is maintaining its "add" call on IHH Healthcare with higher target of $2.35 given the worst could be over for the newly-opened Gleneagles HK.
January 08, 2018