BackIHH Healthcare to buy Fortis Singapore unit for $108.5 million
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12 Sep 2014, 04:56 PM IST
The proposed acquisition is not expected to have any material effect on the earnings or net assets of IHH for the current financial year ending 31 Dec 2014
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Kuala Lumpur: Malaysia’s IHH Healthcare Bhd, Asia’s largest hospital operator by stock market value, said on Friday it is buying India’s Fortis Healthcare Ltd’s Singaporean diagnostic and molecular imaging unit Radlink-Asia Ptd Ltd for 346.53 million ringgit ($108.5 million).
“The proposed acquisition is not expected to have any material effect on the earnings or net assets of IHH for the current financial year ending 31 December 2014," the company said in a stock exchange filing. REUTERS
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Published: 12 Sep 2014, 04:56 PM IST
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