A consortium led by previate equity player Affinity Equity Partners has sold its 100% stake in Malaysia’s Island Hospital to IHH Healthcare IHH, a Kuala Lumpur-headquartered international healthcare group.
The 100% sale at a value of RM4.2 billion $966 million includes Affinity's 78% stake, with the remainder of the shares belonging to the founder CEO, Mark Wee, and senior doctors of the hospital.
Founded in 1996, Island Hospital pictured is a leading 600-bed healthcare provider in Penang, Malaysia, with 119 specialists across 40 medical and surgical specialties. Island Hospital attracts around one in three inbound foreign patients to Malaysia, according to a statement from...
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