Announced
Financials
Tags
Pending
Education Services
Private Equity
Private
medical education
Acquisition
Friendly
Malaysia
Cross Border
Single Bidder
Majority
Synopsis
TPG Capital, an American investment company agreed to acquire the medical education arm of IHH Healthcare, an international private healthcare group, for $306m. "IMU has played an important role in nurturing medical personnel and developing healthcare capabilities and expertise for 30 years in Malaysia. It will continue to make a strong contribution to the sector under new ownership. This recalibration of our portfolio is a considered decision as part of our new strategy; we will deploy the proceeds to optimise our operations and clinical services plus invest into new growth peaks for IHH," Kelvin Loh, IHH Managing Director and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.