KUALA LUMPUR: IHH Healthcare Bhd hopes to complete its proposed acquisition of the Prince Court Medical Centre here in the first quarter of 2020, following the strong approval obtained from its shareholders at an extraordinary general meeting on Dec 9.
In a statement, the healthcare provider said over 99.99% of non-interested shareholders and proxies voted in favour of the conditional share purchase agreement valued at RM1.02 bil cash.
Joe Sim, CEO, Malaysia Operations Division, said Prince Court would empower IHH to bring its best-in-class care and outcomes to even more patients in Malaysia and abroad.
“With a broader network and stronger cluster of specialised tertiary hospitals in the Klang Valley, supported by a deeper clinical talent pool, IHH can offer a wider array of services and take on more complex cases.
“This will make our facilities even more compelling for both local and foreign patients, and further reinforces Malaysia’s attractiveness as a medical travel destination,” he said.
Prince Court is a 277-licensed bed private healthcare facility offering a wide range of services, including burns management, cancer, gastrointestinal diseases, interventional cardiology, in vitro fertilisation, nephrology, occupational health, orthopaedic services and rehabilitation medicine.
IHH described Prince Court as a profitable operation that is expected to enhance the group’s revenue and income stream, and contribute to its long-term growth. – Bernama
