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.