Hospital operator IHH eyeing Indonesia, Vietnam for expansion

IHH Healthcare is looking to potential new markets Indonesia and Vietnam as the Malaysian hospital operator continues building scale to offset rising healthcare costs in the region.

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KUALA LUMPUR -

Indonesia is attractive, thanks to its healthcare reforms and foreign ownership relaxation, while Vietnam has emerged as a booming market, according to group chief executive Prem Kumar Nair.

"We get a lot of patients from Vietnam into our Singapore operations," he said in an interview in Kuala Lumpur this week.

In Singapore, IHH operates 793 beds across four hospitals - Gleneagles Hospital, Mount Elizabeth Hospital, Mount Elizabeth Novena Hospital and Parkway East Hospital, according to its website. It also has 30 Parkway Shenton clinics, as well as other specialty and ancillary services.

The company operates more than 80 hospitals in 10 countries, including India and China, and has been actively acquiring healthcare facilities in recent years. It bought Island Hospital in Malaysia in 2024. Its Turkish unit Acibadem and Indian affiliate Fortis Healthcare have also purchased hospitals in their respective markets in the last two years.