IHH Healthcare (“IHH” or the “Group”), a world-leading integrated healthcare provider, has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion.
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This acquisition marks a pivotal step in IHH’s strategic expansion in Malaysia, reinforcing its commitment to elevating healthcare quality and services nationwide and providing patients in the northern region with greater access to world-class care. The move also reinforces IHH’s role in supporting the Malaysian government’s vision to establish the country as a leading hub for medical tourism, attracting international patients seeking cutting-edge treatment and exceptional care.
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With the addition of Island Hospital, IHH now operates 18 hospitals across Malaysia, including 11 Pantai Hospitals, four Gleneagles Hospitals, Prince Court Medical Centre and Timberland Medical Centre.
“We are thrilled to welcome Island Hospital as the newest member of IHH Healthcare. With its strong reputation for clinical excellence and appeal to international patients, Island Hospital significantly enhances our leadership in healthcare and medical tourism in Malaysia. This acquisition underscores our commitment as a Group to elevating care and outcomes across our global network while creating sustainable value for stakeholders through strategic, accretive investments. Together with the talented team at Island Hospital, we will draw on our deep expertise and experience to deliver even better patient experience and clinical quality for more patients.”
Ashok Pandit
Group Chief Corporate Officer, IHH Healthcare
“The addition of Island Hospital to our IHH Malaysia network marks an important milestone in our commitment to enhancing the quality and accessibility of care in Malaysia. Building on our proven track record of operational excellence and successfully integrating acquired assets, we will further strengthen Island Hospital’s capabilities by introducing more advanced treatments and improving patient experiences. Our focus remains on providing exceptional care to both local and international patients, while contributing to Malaysia’s growing prominence as a medical tourism hub.”
Jean-François Naa
Chief Executive Officer, IHH Healthcare Malaysia
As the largest private hospital in Penang, Island Hospital is renowned for its exceptional patient care and clinical excellence, offering a comprehensive suite of services across nine Centres of Excellence and supported by close to 120 specialists. Its capabilities in high-demand areas such as orthopaedics, cardiology, oncology, gastroenterology and general surgery are well-aligned with IHH’s mission to provide top-tier healthcare services across its network.
As Penang continues to establish itself as a top destination for international patients seeking high quality, cost-effective medical care, this acquisition positions IHH to further contribute to Malaysia’s growing medical tourism aspiration. Island Hospital is a key player in this space, accounting for approximately one in three inbound patients to Malaysia.
In addition to integrating Island Hospital’s clinical expertise into its network, IHH Healthcare will explore development opportunities within the hospital’s valuable landbank, to future-proof its growth in the region and meet rising healthcare demand from both local and international patients.
About IHH Healthcare
A world-leading integrated healthcare provider, IHH believes that making a difference starts with our aspiration to Care. For Good. Our team of more than 70,000 people is committed to delivering the greater good to our patients, people, the public and the planet, as we live our purpose each day to touch lives and transform care.
Through IHH Healthcare portfolio of trusted brands – Acibadem, Mount Elizabeth, Prince Court, Island Hospital, Gleneagles, Fortis, Pantai and Parkway – we offer our patients comprehensive and personalised care ranging from primary to quaternary, and even ancillary services such as laboratory, diagnostics, imaging and rehabilitation.
With IHH Healthcare scale and reach in 10 countries, we continue to raise the bar in healthcare in our key markets of Malaysia, Singapore, Türkiye, India, Greater China (including Hong Kong) and beyond. In partnership with stakeholders, IHH Healthcare will co-create a sustainable future for all as we work towards our vision to become the world’s most trusted healthcare services network.
About Island Hospital
Established in 1996, Island Hospital in Penang, Malaysia, has become a prominent healthcare provider in the region. Boasting a 600-bed capacity, they serve a broad patient base, both locally and internationally. Their mission, “giving you another chance for a better life,” is reflected in their comprehensive healthcare services and unwavering dedication to exceptional patient care.
Expertise and Technology: Island Hospital’s success hinges on its team of over 80 highly skilled specialists. These experts spread across 9 Centres of Excellence, possess an impressive average of 24.4 years of experience, often with international exposure. Cutting-edge medical equipment and technology further empower them, ensuring patients receive the most advanced treatments available.
