Apollo stake sale seen to consolidate IHH Healthcare's India investments
06-Mar-17, Nikkei Asian Review
IHH Healthcare, Asia's largest hospital operator by market value, sold a 6.07% stake in Apollo Hospitals Enterprise in a USD160 mn deal that will consolidate its investments in India.
%20The%20Economic%20Times.jpg "Apollo stake sale seen to consolidate IHH Healthcares India investments (c) The Economic Times")
Image: The Economic Times
The stake sale aligns with IHH Healthcare's effort to shift focus from Apollo Hospitals, in which it remains a silent partner with no board representation, to its other Indian assets.
IHH Healthcare - which operates over 10,000 beds in 52 hospitals across 10 countries - counts Malaysia, Singapore, Turkey, and India as its key markets that made up the bulk of its MYR10 bn revenue in 2016. The company also offers medical education and owns a real estate investment trust.