The Wall Street Journal

Asian buyout firm begins sale process for US$800m Malaysia hospital business

Asian buyout firm begins sale process for US$800m Malaysia hospital business
(Image: Getty)
The Wall Street Journal
By P.R. VenkatBuyout firm Affinity Equity Partners has started the sale process of one of Malaysia’s largest healthcare providers, valued at more than US$800 million (NZ$1.3 billion), people familiar with the process said.The first round of bids is due mid-June and potential bidders will sign a nondisclosure agreement for Penang-based Island Hospital, one of the people said.Asia’s healthcare sector remains an attractive market for private equity investors and companies seeking to expand their business in a region with significant de...

More World

Google revenue soars on AI boom
Technology

Google revenue soars on AI boom

Google is spending billions of dollars on infusing its products with AI capabilities.

GM profit shrinks after US$1.1 billion tariff hit
World

GM profit shrinks after US$1.1 billion tariff hit

Automaker warns tariff impact will be greater next quarter; stock price tumbles.

Universal Music Group files for public offering
Technology

Universal Music Group files for public offering

The music conglomerate filed a confidential registration statement with the SEC.