Malaysia-based IHH Healthcare is weighing acquisitions in new markets including Indonesia as well as Vietnam, reported Reuters citing the group CEO Prem Kumar Nair.
The healthcare group also aims to grow in existing markets, including India and Turkey.
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Over the coming five years, it plans to expand organically by introducing 4,000 additional beds in Malaysia, India, Hong Kong, Turkey, and Europe.
The group also looks to improve the performance of its assets in China. Currently, IHH is reassessing its strategy for its loss-making Chinese business.
Nair was quoted by the news agency as saying: “There are some very good healthcare markets like Indonesia, Vietnam is another.
“I look at it from the viewpoint of where some of our foreign patients are coming from. These are very strong markets for us.”
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By GlobalDataIn August this year, IHH Healthcare’s indirect wholly owned unit Pantai Holding agreed to buy Bedrock Healthcare (BHSB) for RM245m ($52.6m) on a cash-free, debt-free basis.
Pantai entered a share purchase agreement with Saravita Holdings and nine individual founders to purchase the full equity interest in BHSB.
Via its wholly owned subsidiaries, BHSB owns the 82-bed Timberland Medical Centre in Kuching, Sarawakand, Malaysia.
At present, IHH Healthcare has a capacity of more than 12,000 beds.
Since 2012, IHH has been listed on both the Singapore and Malaysia stock exchanges. The company has a presence in ten countries, with 83 hospitals and a workforce of over 65,000.
