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

(Image: Getty)

Wed, 24 Apr 2024

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...

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