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IHH selling medical university and affiliated hospital in Malaysia for RM1.345 billion

The Edge Singapore
The Edge Singapore6/7/2022 10:35 PM GMT+08  • 2 min read
IHH selling medical university and affiliated hospital in Malaysia for RM1.345 billion
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IHH Healthcare is selling its medical education arm, International Medical University, for RM1.345 billion (US$306 million) to private equity firm TPG and the Hong Leong Group, as part of its bid to grow in a more capital-efficient way.

The sale includes a hospital that IMU owns, which is under construction.

IMU is described as the largest medical and healthcare-focused higher education institute in Malaysia.

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