Malaysian Healthcare Company Buys Major Stake in Global Hospitals for $195 Million

by Reshma Anand on  August 29, 2015 at 11:25 AM Corporate News
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Indian Global Hospitals chain's major stake bought by Malaysian IHH Healthcare for a whooping sum of $195 million.

"The acquisition and our existing hospitals will help us become one of the leading hospital chains in India," said Tan See Leng, managing director of IHH.
Malaysian Healthcare Company Buys Major Stake in Global Hospitals for $195 Million
Malaysian Healthcare Company Buys Major Stake in Global Hospitals for $195 Million

The hospital chain has 1,100 beds in Hyderabad, Bengaluru, Chennai and Mumbai in five hospitals, the number of beds are likely to increase by 800 beds to reach 1,900 beds in five years time. The Malaysian company also owns 10.85 percent in Apollo Hospitals chain.

Source: IANS

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