SINGAPORE (Feb 5): IHH Healthcare is in talks to buy Prince Court Medical Centre from Petroliam Nasional (Petronas), sources familiar with the matter tell The Edge.

It is understood that talks between Khazanah Nasional’s dual-listed healthcare company and the national oil company are ongoing and that a deal may be struck soon.

Petronas declined to comment while an IHH spokesperson’s emailed response was: “IHH is always looking at various value-accretive opportunities. However, it is not appropriate for us to comment on specific transactions and we will update the market if there are any material developments.”

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