KUALA LUMPUR: IHH Healthcare Bhd has completed the divestment of Continental Hospitals Private Ltd as part of its portfolio strategy review.
IHH said its subsidiary, Gleneagles Development Pte Ltd today has completed the sale of its entire 62.2 per cent stake in Continental Hospitals to Gurunath Reddy and affiliates, IHH's partner shareholder in Continental Hospitals.
IHH managing director and chief executive officer Kelvin Loh said this divestment is part of the company's portfolio strategy review.
Loh said this divestment focused on strengthening IHH's healthcare capabilities for its patients and creating more value for our stakeholders.
"Our priority remains in deepening our presence in India, which is a key market for IHH through its multi-city based platform assets, and to continue working hand in hand with our people and the government," he said.