Metro Pacific Hospitals raises $684m from KKR, GIC; defers IPO plan

Metro Pacific Hospitals raises $684m from KKR, GIC; defers IPO plan

Philippines-based Metro Pacific Investments Corp is raising $684.5 million by selling a 42.5 per cent stake in its hospital unit to a consortium led by private equity firm KKR & Co and has deferred a proposed $1.6-billion initial public offering plan.

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