IHH Healthcare - RHB Invest 2024-09-05: Expanding Its Footprint In The Pearl Of The Orient; BUY

• IHH Healthcare (SGX:Q0F) entered into a sale and purchase agreement with Comprehensive Care (CCSB) for the proposed acquisition of Island Hospital Penang (IHSB) for a total cash consideration of MYR3.9bn.
• - Read this at SGinvestors.io -

Background of IHSB.

• Founded in 1996, Island Hospital Penang (IHSB) is a 600-bed tertiary hospital situated in the bustling city of George Town in Penang island. It is strategically connected, with just a 25-minute drive from Penang International Airport, enabling the hospital to tap into a large pool of medical tourists.
• The hospital is currently equipped with 103 consultation clinics and 14 operating theatres, offering a wide range of medical and surgical services including oncology, obstetrics and gynaecology, heart and ENT (ear, nose and throat) surgeries among many others.
• - Read this at SGinvestors.io -

Our thoughts.

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Oong Chun Sung RHB Securities Research | https://www.rhbgroup.com/ 2024-09-05 SGinvestors.io

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