Malaysian hospital group buying Japanese nursing homes

 17-Mar-15, Nikkei Asian Review

Leading hospital operator IHH Healthcare announced that subsidiary Parkway Life Real Estate Investment Trust is acquiring five nursing homes in Japan for 5.97 billion yen ($48.7 million).

Image: Singapore Trading Online

The Malaysia-based health care provider owns 35.76% of PLife REIT, which is headquartered in Singapore. The unit is to acquire the five facilities - four nursing homes and one group home that focuses on seniors with dementia - from Japan's UBI. A PLife news release said the deal will enhance the quality of the trust's portfolio in Japan.

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