Pantai Holdings acquires PCMC from Khazanah for $144m.

Pantai Holdings (a wholly-owned indirect subsidiary of IHH Healthcare) acquires Prince Court Medical Centre, a multispeciality healthcare facility from Khazanah Nasional Berhad, a leading private equity firm for $144m. The proposed acquisition will enable PCMC to fully benefit from being integrated into IHH’s Malaysian operations and its broader global network. It would also strengthen IHH’s overall position in the domestic healthcare services market, with Khazanah’s continued contributions through its involvement in IHH. “This transaction is in line with our refreshed mandate and provides Khazanah with the liquidity for our future investment capital requirements. In addition, Khazanah is confident that PCMC will further benefit from IHH’s wealth of experience in providing premium healthcare" Datuk Shahril Ridza Ridzuan, Khazanah Managing Director.