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IHH says it hasn't acquired stake in Global Hospitals Group

Thursday, August 6, 2015 - 18:14

IHH Healthcare Berhad has clarified that it is in discussions with certain shareholders of India-based Ravindranath GE Medical Associates Private Limited, a holding company of Global Hospitals Group, for a potential acquisition.

It said it has not entered into a share purchase agreement or any such definitive agreements with any of the shareholders.

The group said it is constantly evaluating growth opportunities in selected geographies in Asia.

"Further, IHH is unable to comment, or provide guidance, at this stage, whether such acquisition will be completed, or not. If, and when, such transaction is agreed, IHH will make the due announcements as per the requirements of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad," it said in a filing to Singapore Exchange.

The clarification follows recent media articles, in particular an article in Malaysia's New Straits Times, published on Thursday, relating to the acquisition by IHH of India-based Global Hospitals Group.

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