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Khazanah sells Prince Court Hospistal to IHH Healthcare Bhd

KUALA LUMPUR – Khazanah Nasional Berhad today announced that it is selling its Prince Court Medical Centre to IHH Healthcare Bhd for RM1.02 billion.

Pantai Holdings Sdn Bhd (PHSB), IHH’s wholly-owned unit, has signed a share purchase agreement with Khazanah’s wholly owned indirect subsidiary Pulau Memutik Ventures Sdn for the deal.

The acquisition would benefit Prince Court to be integrated into IHH’s operations and global network.

The deal is expected to be completed in 1Q of 2020 Prince Court Medical Centre is a 277-bed private healthcare facility offering comprehensive medical care and hospital services located in Kuala Lumpur, Malaysia.

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