IHH proposes to fully acquire Ramsay Sime Darby Health Care Sdn Bhd

Felicia Tan
Felicia Tan3/22/2022 11:03 AM GMT+08  • 2 min read
IHH proposes to fully acquire Ramsay Sime Darby Health Care Sdn Bhd
Under the indicative proposal, the conditional indicative enterprise value for Ramsay Sime Darby is at 5.67 bil ringgit
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IHH Healthcare Berhad has confirmed that it has submitted a confidential, conditional, non-binding, indicative proposal to Ramsay and Sime Darby Holdings Berhad (SDH), where it will acquire 100% of Ramsay Sime Darby Health Care Sdn Bhd.

Ramsay Sime Darby Health Care Sdn Bhd is the 50:50 Asian joint venture company of both Ramsay and SDH.

Under the indicative proposal, the conditional indicative enterprise value for Ramsay Sime Darby is at 5.67 billion ringgit ($1.83 billion) or US$1.35 billion on a cash-free, debt-free basis.

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