Malaysian conglomerate Sime Darby (SIME.KL) said on Friday Ramsay Sime Darby Health Care, its 50-50 joint venture with Australia’s Ramsay Health Care (RHC.AX), will be sold for 5.7 billion ringgit ($1.21 billion). Sime Darby said its unit Sime Darby Holding and Ramsay’s subsidiary AH Holdings Health Care had on Friday entered into the sale and purchase agreement with Malaysian-based private hospital chain Columbia Asia Healthcare. The announcement confirmed a report by Reuters on Tuesday saying that Columbia Asia, a Southeast Asian healthcare firm backed by alternative asset firm TPG (TPG.O), was the frontrunner to buy Ramsay Sime Darby.
Read the full article: Ramsay, Sime Darby to Sell Asia Healthcare JV to Columbia Asia for $1.2B //
Source: https://www.reuters.com/markets/deals/malaysias-sime-darby-sell-stake-asia-jv-12-bln-2023-11-10