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Sime Darby exits healthcare business in a multi-billion ringgit deal

Tagged: 1.2 billion, 5.7 billion, Columbia Asia Healthcare, healthcare, Hong Leong, Quek Leng Chan, sell, Sime Darby

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November 13, 2023 at 3:32 pm #24947

farhanaismail
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Sime Darby Bhd is exiting the healthcare business by selling its entire 50 per cent equity interest in Ramsay Sime Darby Health Care Sdn Bhd (RSDH) to Columbia Asia Healthcare Sdn Bhd (Columbia Asia) for RM2.84 billion.

From:
https://www.thestar.com.my/business/business-news/2023/11/10/sime-darby-exits-healthcare-business-in-a-multi-billion-ringgit-deal

A joint venture between Malaysian billionaire Quek Leng Chan’s Hong Leong Group and funds managed by U.S. private equity firm TPG have agreed to buy Ramsay Sime Darby Healthcare (RSDH)—which owns and operates hospitals in Malaysia and Indonesia—for 5.7 billion ringgit ($1.2 billion).

https://www.forbes.com/sites/jonathanburgos/2023/11/12/billionaire-quek-leng-chans-hong-leong-tpg-to-buy-ramsay-sime-darby-healthcare-for-12-billion/?sh=134458de6e83
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