Deals
Ramsay, Sime Darby to Sell Hospital Unit for $1.2 Billion
- Columbia Asia agrees to buy Ramsay Sime Darby Health Care
- Previous attempt to sell venture to IHH had collapsed in 2022
Photographer: Jeremy Piper/Bloomberg
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Australia’s Ramsay Health Care Ltd. and Malaysian conglomerate Sime Darby Bhd. have agreed to sell their hospital unit to Columbia Asia Healthcare Sdn. for 5.7 billion ringgit ($1.2 billion), according to a stock exchange filing.
The companies will sell all their stakes in Ramsay Sime Darby Health Care Sdn., which operates four hospitals in Malaysia and three in Indonesia, a Friday filing to Malaysia’s stock exchange shows, confirming an earlier Bloomberg News report. Sime Darby will get a 2 billion ringgit gain on the disposal.