IHH buys luxury Kuala Lumpur hospital for $244m

Deal with wealth fund Kazanah seen boosting medical tourism business

20190918 Prince Court Medical Center

The Prince Court Medical Center is located in Kuala Lumpur's Golden Triangle business district.  © Reuters

P PREM KUMAR, Nikkei staff writer

KUALA LUMPUR -- Malaysia's IHH Healthcare, one of Asia's biggest hospital operators, will purchase a medical center known for its luxury services from sovereign wealth fund Khazanah Nasional for 1.02 billion ringgit ($244 million).

The roughly 270-bed Prince Court Medical Center is located within the Golden Triangle business district of Kuala Lumpur and offers services including cancer treatment, in vitro fertilization and physical therapy.

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