SINGAPORE, March 29 ― Australia's largest private hospital operator Ramsay Health Care and Malaysian conglomerate Sime Darby plan to revive the sale of their Asia-focused healthcare joint venture in a deal that could value the business at some RM6 billion, two sources with knowledge of the matter told Reuters.
Deliberations were ongoing and no decisions have yet been made on the sale, said the sources, declining to be named as the matter is private.“Sime Darby Berhad continues to review strategic growth options for our healthcare segment,” a company spokesperson told Reuters in an emailed statement. “Any decisions will be made with a view on creating value for the group.
IHH, one of Asia's biggest private hospital operators, had submitted an indicative proposal in March 2022 to buy Ramsay Sime Darby Healthcare. Discussions for the joint venture's sale were called off in early September, weeks after a group led by private equity firm KKR & Co Inc withdrew a near US$15 billion all-cash buyout offer for Australia-listed Ramsay Healthare.