How the stars aligned for hospital giant IHH’s S$420m sale of education arm to TPG

ASIAN hospital giant IHH Healthcare has made a strategic move to sell its education arm — a move that will allow it to sharpen its focus on its core healthcare business even as it embarks on a plan to expand its global presence.

The company recently announced it will sell its Malaysian medical education arm as well as a private hospital under construction to the Asian arm of US buyout giant TPG and Malaysian conglomerate Hong Leong Group.

This deal has been a long time in coming. IHH’s private medical school, International Medical University (IMU), has reportedly been on the block since March last year.