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

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Anita Gabriel

Anita Gabriel

Published Thu, Jun 16, 2022 · 05:50 AM
    • IHH, with hospitals in Singapore, Malaysia, Turkey and India, could use the additional cash from the sale to beef up its presence globally.
    • IHH, with hospitals in Singapore, Malaysia, Turkey and India, could use the additional cash from the sale to beef up its presence globally. BT FILE PHOTO

    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.

    HealthcareIHH HealthcareTPG CapitalHock Lock Siew

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