Bloomberg News

Integrated Healthcare Said to Plan Kuala Lumpur IPO, Hire Banks

December 01, 2011

Dec. 1 (Bloomberg) -- Integrated Healthcare Holdings Sdn., Asia’s biggest hospital operator, hired CIMB Group Holdings Bhd., Bank of America Corp.’s Merrill Lynch unit and Deutsche Bank AG to manage an initial public offering in Kuala Lumpur, according to two people with knowledge of the matter.

The company, controlled by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd., is considering conducting a secondary listing in Singapore, said the people, asking not to be identified as the information is private.

The IPO may raise up to $2 billion and will take place in the first half of 2012, people with knowledge of the matter said last month. Khazanah spokesman Mohd Asuki Abas declined to comment.

--Editors: Mohammed Hadi, Jake Lloyd-Smith

To contact the reporter on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net


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