Asian Buyout Firm Shortlists Bidders for $800 Million Malaysia Hospital Sale

Malaysia’s IHH Healthcare 5225 1.94%increase; green up pointing triangle and Sunway 5211 -1.33%decrease; red down pointing triangle are among the three bidders in a race to acquire one of the country’s largest hospitals from buyout firm Affinity Equity Partners, people familiar with the situation said.

A second round of bids is expected to be called soon for Penang-based Island Hospital, which is being valued at more than $800 million, the people said.

Source: WSJ