Malaysian hospital group IHH weighs entry into Indonesia, Vietnam

CEO Nair says 'the time is right' due to middle-class demand, regulatory reform

20240620 Prem Kumar Nair, CEO of IHH Healthcare

Prem Kumar Nair, CEO of IHH Healthcare, speaks during an interview with Nikkei Asia in Singapore. (Photo by Tsubasa Suruga)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Malaysia's IHH Healthcare, one of the largest hospital groups in Asia, is looking at opportunities for entering Indonesia and Vietnam through acquisitions as its existing markets become more saturated, its chief executive said.

The company has over 12,000 beds in its hospitals in 10 markets, including Malaysia, Singapore, India and Turkey. Its hospitals include some of Southeast Asia's most prestigious names, such as Mount Elizabeth in Singapore and Gleneagles in Malaysia. In India, the company acquired Fortis, the country's second-largest player, in 2018.

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