Malaysia: IHH to divest medical education arm to consortium led by The Rise Fund and Hong Leong

IHH Healthcare has agreed to divest its medical education arm, International Medical University (IMU), Malaysia, to a consortium led by The Rise Fund, TPG’s multi-sector global impact investing platform, and the Malaysian conglomerate Hong Leong Group for a total enterprise value of RM1,345m (US$306m). The sale includes a hospital that IMU owns, which is under…

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