IHH Healthcare confirms offer to buy Ramsay-Sime Darby JV for RM5.67b

MALAYSIAN hospital group IHH Healthcare is offering to buy Ramsay Sime Darby Health Care (RSDHC) for RM5.67 billion (S$1.83 billion) on a cash-free, debt-free basis, according to a bourse filing on Tuesday (Mar 22).

The target company is a 50:50 joint venture between Australian multinational healthcare provider Ramsay Health Care and Malaysian trading conglomerate Sime Darby Holdings (SDH).

The healthcare business operates hospitals in Indonesia and Malaysia, a nursing college in Malaysia and a day surgery in Hong Kong.