month, one of the people said.
Healthscope’s operating company, without its hospital properties, could be valued at A$4 billion, the people said, asking not to be identified as the process is private.
IHH, 44 per cent owned by sovereign wealth fund Khazanah Nasional Bhd, has been expanding through acquisitions to benefit from rising demand for medical services in Asia and
It bought Singapore’s Parkway Holdings Ltd in 2010 and completed the purchase of a 60 per cent stake in Acibadem Saglik Hizmetleri & Ticaret AS, Turkey’s largest hospital group, in
2012, according to data compiled by Bloomberg.
Its A$5 billion bid for Healthscope, if successful, would be the biggest acquisition by a Malaysian company since December 2012, data shows.
“We are always looking for value-accretive opportunities to add to our holdings,” IHH said in an emailed response.
However, it declined to comment on specific transactions.
Spokesmen for Carlyle and TPG also declined to comment.
The Wall Street Journal first reported the talks on Monday, citing people familiar with the matter.
IHH runs 33 hospitals as well as medical centres, clinics and other healthcare businesses across nine countries, including Vietnam, India and China, its website shows.
The company’s shares have rallied 38 per cent since its July 2012 initial public offering, here.
Healthscope operates 44 hospitals, including the Prince of Wales Private Hospital in Sydney and Melbourne Private Hospital, according to its website. It also runs pathology centres in Australia,
New Zealand, Malaysia and Singapore.
TPG and Carlyle bought Healthscope for A$2.7 billion in 2010, beating KKR & Co to what was then Australia’s biggest buyout in eight years. Ramsay Health Care Ltd is the country’s
largest private hospital operator. Bloomberg
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