IHH Healthcare, Asia’s largest hospital group by market capitalisation, announced that it has agreed to sell its medical education arm, International Medical University (IMU), to The Rise Fund, TPG’s multi-sector global impact investing platform.
The sale, which values IMU at 1.345 billion ringgit ($306 million), will see IHH Healthcare divesting 100% of its stake to a consortium of investors led by The Rise Fund and the Hong Leong Group.
