Health Management International: Disclosed that it received non-binding expressions of interest for its 49%-owned Mahkota Medical Centre in Malacca, but no firm decision has been made on its potential sale.
Market watchers have cited that HMI is working with CS to sell the asset for US$250m. This translates to a 27x earnings for the crown jewel of HMI, contributing almost 72% of its FY14 revenue and nearly the entire profit of the group.
If the deal goes thru, HMI will get $163m, representing 77% of HMI's market cap of $211m. It owns another hospital, Regency Medical Centre in Johor.
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