Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Affinity Equity Partners (Affinity) on the sale of Island Hospital to IHH Healthcare, a Kuala Lumpur-headquartered international healthcare group. Island Hospital is one of the leading healthcare providers in Malaysia, and a market leader in serving health travellers, attracting 1 in 3 inbound foreign patients. The purchase price values Island Hospital at an enterprise value of approximately RM4.2 billion (approximately US$966 million).
The transaction is one of the largest in Malaysia in 2024, and is the largest control deal for a single hospital in Asia.
The Freshfields team advising on the transaction was led by partner Simon Weller, senior associate Kathleen Chua and associate Shavonne Oh, together with partner Jon Bowden and counsel Daniel Boyle. Finance advice was provided by partner Dan French and tax advice was provided by partner Peter Clements and associate Mitchell Fraser.
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