The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    HealthcareIHH HealthcareTPG CapitalHock Lock Siew

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Sales have rebounded in March after the year-end lull and seasonal Chinese New Year pullback.

    Near sell-out launches in March boost developer sales to 1,300 units after four slow months

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More