Malaysian hospital group IHH weighs entry into Indonesia, Vietnam

SINGAPORE -- Malaysia's IHH Healthcare, one of the largest hospital groups in Asia, is looking at opportunities for entering Indonesia and Vietnam through acquisitions as its existing markets become more saturated, its chief executive said.

The company has over 12,000 beds in its hospitals in 10 markets, including Malaysia, Singapore, India and Turkey. Its hospitals include some of Southeast Asia's most prestigious names, such as Mount Elizabeth in Singapore and Gleneagles in Malaysia. In India, the company acquired Fortis, the country's second-largest player, in 2018.