Khazanah to buy Prince Court Medical Centre from Petronas

KUALA LUPUR: Khazanah Nasional Bhd announced yesterday it is buying over Prince Court Medical Centre Sdn Bhd (PCMC) from Petronas’ wholly-owned unit Petronas Hartabina Sdn Bhd, at a price to be determined by June this year.

Concurrent with the signing of a share sale and purchase agreement (SPA) for the acquisition, Khazanah entered into a term sheet for a collaboration agreement with its dual-listed healthcare unit IHH Healthcare Bhd to improve the operations of PCMC.