IHH Healthcare Berhad has announced that it has completely divested the entire stake it owned of India-based Continental Hospitals Private Limited back to the founder.
Continental Hospital located Hyderabad is a JCI and NABH accredited facility offering multi-specialty, tertiary, and quaternary care services. The hospital operates 200+ beds, has Green OT, Level 3 NICU and PICU, and is known for its efficient critical care team.
The group bought up Continental in 2015 during the height of the acquisition trail, the latest announcement comes as the indirect wholly-owned subsidiary Gleneagles Development Pte Ltd, had just completed the sale of its entire 62.2% equity stake in Continental Hospitals Private Limited to Dr. Gurunath Reddy and affiliates, IHH’s partner
shareholder in Continental Hospitals.
Dr Kelvin Loh, Managing Director, and CEO of IHH said, “This divestment is part of IHH’s portfolio strategy review, focused on strengthening our healthcare capabilities for our 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.”
