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Malaysia's IHH Healthcare weighing US$1 billion sale of China hospitals

Bloomberg11/22/2021 9:23 PM GMT+08  • 2 min read
Malaysia's IHH Healthcare weighing US$1 billion sale of China hospitals
Bloomberg reports IHH Healthcare is mulling the sale of its Chinese assets for US$1 billion
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IHH Healthcare, a Malaysian hospital group, is considering the potential sale of its China unit, in a deal that could value the chain at as much as US$1 billion, according to people familiar with the situation.

The Kuala Lumpur-based company is in discussions with potential advisers on a possible sale of Parkway China, the people said, asking not to be named as the information is private.

Taikang Insurance Group and Shanghai Hongxin Medical Investment Holding Co. are also weighing participating in the sale, the people said. Taikang is a minority shareholder in the Malaysian firm’s mainland China portfolio, while Shanghai Hongxin holds a stake in one of its hospitals, according to a statement.

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