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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