Khazanah Nasional has agreed to sell a top-tier hospital in Malaysia’s capital to IHH Healthcare, Asia’s biggest private hopsital group and one of its portfolio companies, as it continues to dispose healthcare assets.
Malaysia’s soverign wealth fund has struck a deal worth M$1.02 billion $244 million with IHH for the sale of Prince Court Medical Centre, a 277-bed hospital located within the Golden Triangle business district of Kuala Lumpur.
The resort-styled hospital was named the world’s top hospital for medical tourists in 2013 and 2014. Khazanah bought it from state-owned oil and gas company Petronas for an undisclosed price last year.
Prince Court Medical...