Manipal Hospitals signs definitive agreement to sell its Malaysia hospital
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Manipal Health Enterprises Pvt Ltd (Manipal Hospitals) on Friday announced that it has entered into a definitive agreement to divest its hospital business at Klang, Malaysia to healthcare provider Ramsay Sime Darby Health Care (RSDH).
In a statement, Manipal Hospitals said that the transfer of ownership shall take place post completion of closure obligations.
Set up in 2016, Manipal Hospitals, Klang is a high-end tertiary care hospital accredited by the Malaysian Society for Quality in Health (MSQH), it said.
Dilip Jose, MD & CEO, Manipal Hospitals said: "We are proud of having created and grown a strong healthcare franchise in Malaysia, modelled on providing high quality, affordable and comprehensive healthcare services. We wish our team at Klang and RSDH the very best as they together take the hospital through its next phase of growth."
The divestment comes at a time when Manipal Hospitals gears up for a smooth integration of Columbia Asia Hospitals India as that acquisition is nearing completion, said the company statement.
The hospital group is also scouting to expand its footprint in eastern India which is presently underserved and further enhance its presence in the existing geographies, it added.
