A&O Shearman advises IHH Healthcare on landmark USD900 million acquisition of Island Hospital, Penang

The transaction is expected to close in November 2024 and is one the largest M&A deals in Malaysia this year. 

James Mythen, A&O Shearman partner, commented: “We are delighted to have helped long standing client IHH secure this landmark deal. The transaction highlights our continued commitment to the Malaysian market, the strength of our on the ground relationships and our extensive experience of executing domestic and cross-border deals in country. It also illustrates the ongoing strength of healthcare M&A in the ASEAN region. Hospitals, clinics, and other healthcare infrastructure have been among the most attractive targets for M&A in the last few years and we have continued to support clients looking to gain exposure to this asset class.” 

The A&O Shearman team was led by partner James Mythen and senior associate Felicia Tan, supported by Purita Thanachoksopon and James Chen. The core team was further supported by a multidisciplinary transaction team across the firm’s global network, including, Ka Sen Wong, Jessica Bowring, Jessica Dye, Tze Siong Ang, Richele Suwita, Michael Benedict, Matthew Del Roso, Ang Yu Jia, Kimberly Lee and Nick Ognibene.

The team has successfully executed over USD3.5 billion in M&A transactions since May 1, 2024.