IHH buys Amanjaya Specialist Centre in Kedah for RM101.66m

This article first appeared in The Edge Financial Daily, on October 2, 2018.
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KUALA LUMPUR: IHH Healthcare Bhd, through its indirect wholly-owned subsidiary Pantai Hospitals Sdn Bhd, has bought the entire stake in Amanjaya Specialist Centre Sdn Bhd for RM101.66 million.

Amanjaya Specialist Centre Sdn Bhd owns and operates a 98-bed capacity multidiscipline specialist hospital known as Amanjaya Specialist Centre, which is located in Sungai Petani, Kedah.

In a Bursa Malaysia filing yesterday, IHH said the acquisition was done to meet the growing demand for healthcare at Pantai’s wholly-owned 118-bed Pantai Hospital Sungai Petani, and to better serve the local community.

It said the acquisition will not have any effect on IHH’s issued share capital, substantial shareholders’ holdings. There also will not be any material effect on its earnings, net assets or gearing for the financial year ending Dec 31, 2018.

IHH shares settled two sen or 0.38% higher at RM5.23 yesterday, after 4.95 million shares were done, with a market capitalisation of RM43.12 billion.