IHH inks 76m-euro deals with Bulgarian healthcare operators
Indirect unit Acibadem to buy Tokuda Hospital and subsidiaries, merge with City Clinic
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IN two concurrent moves that will make IHH Healthcare Berhad the largest private healthcare provider in Bulgaria, its indirect subsidiary has inked two deals - an acquisition and a merger - valued at about 76 million euros (S$115.7 million).
In a filing with the local bourse on Thursday, IHH said its indirect subsidiary, Acibadem Saglik Hizmetleri ve Ticaret AS (Acibadem Holdings), on Wednesday agreed to buy Bulgaria- based Tokuda Hospital and its subsidiaries, as well as merge with City Clinic, another healthcare operator in Bulgaria.
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