Malaysia

 

KPJ to focus on Malaysia and exit other markets

Listed Malaysian hospital group KPJ Healthcare is selling non-core assets it holds outside of Malaysia to focus on its Malaysian hospital segment. It has already fully exited Indonesia and plans to fully exit Australia within the next two years, and may also exit Bangladesh. It still has a hospital in Thailand which it has no plans to sell, as it is focused on medical tourism - a key part of the company's strategy going forward. The company reported strong results for 2023, with revenue up 19% and core net profit up 61%.
February 23, 2024

Ramsay Sime Darby sold to Columbia Asia for US$1.3bn

Multinational Asian hospital chain Columbia Asia is buying Ramsay Sime Darby, a rival SE Asian hospital chain, for US$1.3bn. This marks Australian hospital group Ramsay's exit from SE Asia, as well as Malaysian trading and logistics company Sime Darby Berhad's exit from health care.
November 16, 2023

Two bidders left for Ramsay Sime Darby, as CVC buys Filipino hospital chain

South East Asia is continuing to see much more large-scale M&A activity than Europe. The sale of Malaysian and Indonesian hospital group Ramsay Sime Darby is reaching its final stages, with only two bidders reportedly left in the running. Meanwhile, Luxembourg-based PE firm CVC Capital Partners has bought a controlling stake in The Medical City (TMC), the Philippines' most expansive hospital group in terms of outpatient clinic footprint.
November 2, 2023

Ramsay Sime Darby sale shortlist – Santé might be next

The sale of Malaysia and Indonesia-based hospital group Ramsay Sime Darby marches on, with a shortlist of candidates reportedly jostling for the $1.5bn purchase. Reports suggest French hospital group Ramsay Santé is next.
September 14, 2023

Ramsay share price plummets as results released

Australia-based multinational hospital group Ramsay Health Care’s disappointing results have seen its share price drop by double digits since close Wednesday. It seems its European segment’s performance did not match that of its other divisions.
August 25, 2023

WHO warnings of AI in healthcare

In a report published this week by the UN agency, the WHO has raised concerns about the patient safety and potential risks associated with the use of AI language platforms simulating human interactions in healthcare. Public health experts are also calling for a pause on developments until regulations have caught up.
May 19, 2023

Deal activity bouncing back in SE Asia

Last week we wrote about an expected return to normal of M&A deal activity in Europe in Q2, after a slow few months driven by macroeconomic uncertainty. In South East Asia deal activity already appears to be returning to a healthier level, with multiple $1bn+ deals reportedly underway.
April 6, 2023

$1.3bn+ Ramsay Sime Darby sale revived

Ramsay Sime Darby, the South East Asian branch of multinational Australian hospital giant Ramsay, may be up for sale again. The previous sale process to Asia’s largest multinational hospital group IHH Healthcare Bhd was ditched back in September.
March 28, 2023

KPJ Healthcare exiting Indonesia citing rules imposed on foreign operators

KPJ Healthcare Bhd, Malaysia’s second largest for-profit hospital group by revenue, is to sell its Indonesian hospital operations to rival Columbia Asia Healthcare. This will mark its exit from the country. Luxembourg-based PE firm CVC Capital Partners is reportedly considering buying a minority stake in the group.
March 7, 2023
Older posts

Our Services

Company

Resources

Log in
Register
Log in
Register

Our Services

Company

Resources

Find Us