Friday, May 18, 2012

IHH Healthcare IPO





Owned by Malaysia's sovereign wealth fund Khazanah

IHH is one of the world's largest private healthcare providers with 16 hospitals, 3000 beds, 60 medical centres and clinics:

1) Singapore - Mount Elizabeth, Gleneagles, Parkway East Hospitals, Mount Elizabeth Novena Hospital.
2) Turkey - 60% of Acibadem AS, Turkey's largest private hospital with 1750 beds.
3) Malaysia - Pantai Hospitals and International Medical University
4) China
5) India - Apollo Hospitals Enterprise Ltd
6) Vietnam
7) Brunei

Current ownership composition:
1) Malaysia's Khazanah 62.1%
2) Japan's Mitsui & Co Ltd 26.6%
3) Dubai-based Abraaj Capital 7.1%
4) Acibadem chief Mehmet Ali Aydinlar 4.2%

Expected IPO date - Jul 2012. It will be dual listed in Singapore and Malaysia. Indicative price should be available on 1 Jun.

This is definitely something to look forward to to gain a good exposure to the healthcare sector, given raising healthcare costs and aging population in Singapore and China. 




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