IHH Healthcare announced that it has successfully completed the acquisition of Island Hospital, a 600-bed facility in Penang, for a total equity consideration of approximately RM3.9 billion.
The group said the acquisition marks a pivotal step in its 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. The move also reinforces IHH’s role in supporting 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.
“We are thrilled to welcome Island Hospital as the newest member of IHH Healthcare. With its strong reputation for clinical excellence and appeal to international patients, Island Hospital significantly enhances our leadership in healthcare and medical tourism in Malaysia. This acquisition underscores our commitment as a Group to elevating care and outcomes across our global network, while creating sustainable value for stakeholders through strategic, accretive investments.”
- Ashok Pandit, Group Chief Corporate Officer, IHH Healthcare
“The addition of Island Hospital to our IHH Malaysia network marks an important milestone in our commitment to enhancing the quality and accessibility of care in Malaysia. Building on our proven track record of operational excellence and successfully integrating acquired assets, we will further strengthen Island Hospital’s capabilities by introducing more advanced treatments and improving patient experiences. Our focus remains on providing exceptional care to both local and international patients, while contributing to Malaysia’s growing prominence as a medical tourism hub.”
- Jean-François Naa, Chief Executive Officer, IHH Healthcare Malaysia
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